Colliers Houston Markets 469,000-SF Block of Industrial Space

EDISON, NJ-It’s one of the largest pieces of industrial space available anywhere in the tri-state region, if not the Northeast, all 468,860 sf of it. And the fact that it’s available is far from a sign of weakness in the Garden State’s industrial real estate market.

Far from it. Indeed, the previous tenant, Costco Wholesale Corp., is actually moving to a new facility that’s more than double the size–one million sf to be exact–in nearby Monroe Twp. So the fact that it’s available is an indication that the industrial market is thriving here.

Colliers Houston & Co.’s Somerset, NJ office has the marketing assignment for the massive structure at 100 Industrial Ave. in Raritan Center. The latter itself is one of the biggest industrial parks in the region, built on the site of the U.S. government’s long-defunct Raritan Arsenal. Heading the marketing effort for Colliers Houston are vice president and branch manager Michael Markey, vice president Jonathan Tesser and associate Adam Citron. Located in the New Jersey Turnpike corridor, specifically near Exit 10, the facility is described as “ready to go.”

Markey points to the facility’s “size, rail access and handling capabilities. This is one of the only true large blocks of distribution space available with immediate proximity to the air, rail and seaports of Newark and Elizabeth.” Colliers Houston is representing Costco in the marketing effort.

The property is outfitted with 10 rail-served doors and more than 70 loading docks and a 24-foot ceiling height. It’s located adjacent to Raritan Center’s UPS and FedEx hubs, and contains 18,000 sf of office space.

“The location is superior,” Citron tells GlobeSt.com. “It has great access to available labor. It’s ideal for the third-party logistics firms that are outsourcing for industry because of the immediate availability on either a long-term or short-term basis.”

Headed by David T. Houston, Jr., Colliers Houston is part of Colliers International. Besides its Somerset office, the firm is headquartered in Teaneck, NJ and has an additional office in Parsippany, NJ.