Central New Jersey’s industrial market has a rare new opportunity for owner-users. NAI DiLeo-Bram & Co. (NAIDB) announced Thursday that it is exclusively marketing 240 Circle Drive North, a 74,500-square-foot industrial building situated on roughly five acres in Piscataway.
Featuring a 6,000-square-foot office component, the property hits the market at a critical time when land-constrained infill corridors face severe shortages of mid-sized, functional spaces for owner-occupants.
“Opportunities of this size for user-buyers are exceedingly rare in today’s market, especially within land-constrained infill corridors,” Kyle Gerace, vice president at NAIDB said. “Based on the current market cycle, 240 Circle Drive North delivers the exact combination of heavy power, functional logistics infrastructure and strategic regional connectivity that modern operators require to insulate and scale their businesses.”
Tailored to support a diverse range of manufacturing, distribution, and logistics operations, the facility includes:
- Clear Height: 17.5 feet
- Loading: Six loading docks and one drive-in door
- Power: Heavy power capacity of 4,000 amps
- Safety & Utilities: Gas heat and a fully integrated wet sprinkler system
- Site Features: Generous outdoor maneuvering space paired with a dedicated 100-car parking lot
“The industrial landscape is undergoing a structural rebalancing where high-tier, well-located assets continue to command intense demand,” Chris Chiusolo, vice president at NAIDB said. “With an empty active construction pipeline across the region due to interest rate pressures, existing facilities of this caliber stand out as irreplaceable logistics anchors.”
Situated within the highly sought-after Piscataway industrial hub, the property offers direct access via two separate I-287 interchanges, linking operators seamlessly to the New Jersey Turnpike, Garden State Parkway, I-78, I-80, and Routes 1, 18, and 22.
The strategic location places businesses within close reach of major regional gateways:
- Major Interchanges: Less than 15 miles to the Outerbridge Crossing, NJ Turnpike Exit 10, and Garden State Parkway Exit 127.
- Air & Sea Freight: Within 30 miles of Newark Liberty International Airport and Port Newark/Elizabeth.
- NYC Crossings: Convenient transit to the Holland and Lincoln tunnels, as well as the George Washington Bridge.
The marketing assignment is being managed by NAIDB Vice Presidents Kyle Gerace and Chris Chiusolo, alongside Chief Operating Officer David Simon. The firm brings institutional familiarity to the asset, supported by Managing Director Chris Galiano’s multi-decade history with the property through past leasing transactions.
“Our firm has a long history with this asset,” Simon said. “It’s an ideal opportunity for an owner-user based on its size, power and accessibility.”
