Cushman & Wakefield of New Jersey, Inc.
One Meadowlands Plaza
East Rutherford, New Jersey 07073
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SOUTH BRUNSWICK, N.J., June 28, 2016 – In an expansion play that will nearly double its regional operation – for the second time in less than two years – O’Neill Logistics has leased 221,000 square feet at 130 Interstate Blvd. in South Brunswick. Cushman & Wakefield brokered the relocation lease, which will result in the third-party logistics firm moving its New Jersey operation from two addresses in Avenel to the Exit 8A submarket.
Cushman & Wakefield industrial leasing specialists Dan Badenhausen and Andrew Stypa, based in Cushman & Wakefield’s Edison, New Jersey, office, represented O’Neill Logistics in the long-term transaction. The team maintains a long-standing relationship with the company’s senior management.
Founded in early 2012 through the merger of O’Neill Consultants, ONF Systems, Metro Logistics and the California operation of ADI Logistics, O’Neill Logistics offers core competencies in logistics, transportation, warehousing, e-commerce fulfillment and supply chain management.
“This company is on an incredible growth trajectory,” Badenhausen said. “With tight available supply and rising rents on the north end of the turnpike, Exit 8A was an ideal landing spot for O’Neill Logistics’ headquarters and warehouse operations. The firm will maintain a truck terminal within minutes of Port Elizabeth and Port Newark. This combination will enable it to continue to expand its comprehensive service to the New York regional marketplace.”
O’Neill Logistics joins co-tenants FedEx and Home Depot at 130 Interstate Blvd., which is owned by Terreno Realty Corp. Nathan Demetsky from JLL served as landlord broker in negotiating the recent transaction.
Robert O’Neill, owner and chief executive stated, “This expansion facility, as well as recent expansion in Southern California and Atlanta, GA, will allow our continued growth in the e- fulfillment vertical.”
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.