Cushman & Wakefield has successfully negotiated a massive 275,955-square-foot industrial lease at 201 Elizabeth Street in Bordentown. Storage and shelving provider Diversified Rack & Shelving Inc. (DRS) has claimed the entire newly renovated building, pushing its total operational footprint past 600,000 square feet.
Strategically positioned just three miles from Exit 7 of the New Jersey Turnpike in Burlington County, the property spans 33.9 acres and provides exceptional regional connectivity. The facility sits near Routes 130 and 206, is roughly 1.5 miles from Interstate 295, and offers direct access to key Northeast distribution markets including Philadelphia, Trenton, and the Port of Newark/Elizabeth.
The building recently underwent a comprehensive modernization program managed by the landlord, Penwood Real Estate Investment Management, LLC, through Penwood Select Industrial Fund VI, L.P. Upgrades designed to support modern logistics operations include:
- Office build-outs and a brand-new roof
- High-efficiency LED lighting and new air rotation units
- 24-foot clear heights
- 16 dock-high doors and 3 drive-in doors
- Approximately 155 trailer parking spaces spanning 3.75 acres of excess land
“Well-located industrial facilities with modern functionality continue to see strong demand across Central New Jersey,” Chuck Fern, Executive Vice Chair at Cushman & Wakefield said. “201 Elizabeth Street offers the scale, trailer parking and highway connectivity required by today’s occupiers, making it an excellent fit for Diversified Rack & Shelving’s operations.”
Chuck Fern of Cushman & Wakefield represented Diversified Rack & Shelving in the transaction. Meanwhile, the landlord was represented by Cushman & Wakefield’s Mindy Lissner, David Gheriani, John Gartland, and Michael Ugarte.
For DRS, this major footprint expansion will immediately bolster the company’s storage capacity and service delivery capabilities as it continues its rapid growth across the region.
