Binswanger Brokers Lease of 15,000 SF Industrial/Outdoor Storage Facility in Trenton, NJ
PHILADELPHIA, PA – January 9, 2024 – Binswanger, an innovator in commercial real estate since 1931, announced today it has brokered the sale of an approximately 15,000-square-foot industrial facility in the heart of Mercer County, NJ to the Bristol, PA-based trucking company Yarost Corp on behalf of the owner, MGI Properties LLC.
Located at 1519 Calhoun Street, the property offers superb access to both the New Jersey and Pennsylvania Turnpikes, downtown Trenton, and bridges to Philadelphia. The building on site features five drive-in doors and three tailgate docks and is situated on approximately 18 acres.
“Given our significant transaction experience and extensive relationships within Central New Jersey and lower Bucks County, Pennsylvania specifically, we were pleased to assist Yarost Corp with their relocation and help them continue growing their strong presence throughout the region,” says Binswanger Vice President, Jason Ostach who brokered the deal along with Senior Vice President, Mike Torsiello, SIOR.
Binswanger is currently marketing the remaining unoccupied 14 acres which is zoned IP-2 Industrial Park (SA-6 Subarea Overlay). The site can be easily customized to a tenant’s needs as well as divided to suit multiple tenants.
“Due to its location, density, and easy access to both the New York metro and greater Philadelphia markets, the central New Jersey area continues to be highly sought after by local and national logistics companies,” says Mike Torsiello. “This site specifically, is one of the largest of its kind currently available for lease within the immediate area, and we are glad Mercer Group International entrusted us to market it.”
Binswanger, a global leader in full-service commercial real estate, has been helping its clients realize their full real estate potential since 1931. Founded by real estate innovator and pioneer, Frank Binswanger Sr., the company operates with the understanding that real estate has the ability to strengthen businesses and transform communities. The company offers a variety of services benefitting both owners and occupiers including global real estate brokerage, location consulting, investment sales, tenant representation, corporate advisory, strategic consulting, and a variety of management services. Having worked with more than half of the Fortune 500, the employee-owned company has long been known as the industry leader in the acquisition and disposition of industrial and commercial facilities around the globe. For more information, please visit www.binswanger.com.