Trammell Crow Co. and joint venture partner CBRE Investment Management announced plans for a more than 1 million-square-foot industrial development in Middlesex County in June. Now, work is officially underway on the Arsenal Trade Center.
The partners held a groundbreaking Sept. 19 for the property coming to 50 Minisink Road in Sayreville, TCC announced Sept. 27.
“The size, scale and high-quality design of Arsenal Trade Center are unique attributes in this market that we believe will be attractive to today’s modern logistics user,” Andrew Mele, managing director of Dallax-based TCC’s Northeast Metro office, said in a statement. “We look forward to our continued partnership with CBRE IM and CBRE and to delivering Arsenal to the market next year.”
TCC also announced a $100,000 donation to Middlesex College at the event. According to TCC, the funds will go toward scholarships for students majoring in architecture and engineering, construction, supply chain or logistics. They’ll also be used as a workforce grant for students seeking certificate training in construction, supply chain or logistics.
Situated on a 74-acre site, the three-building industrial development is scheduled to be completed in late 2023. The rear-loaded facilities will include 284,341 square feet, 341,833 square feet and 451,602 square feet, respectively. Each offers car and trailer parking, 40-foot clear heights, full-site circulation and multiple points of ingress and egress.
“We’re proud to celebrate this exciting milestone with our partners at Trammell Crow as this development is designed to meet the critical demand for high-quality, well-located logistics spaces in one of the nation’s busiest logistics corridors,” said Mary Lang, head of Americas direct logistics strategies for CBRE Investment Management. “Once completed, we believe that the Arsenal Trade Center will effectively meet the needs of key occupiers in the region and become a central hub for their modern logistics strategies.”
New construction in the industrial sector is designed to meet unprecedented levels of demand in the state, which have kept vacancy rates at historic lows as rents tick up.
Princeton’s KSS Architects is designing the project; RC Andersen LLC, with offices in Fairfield, is acting as the general contractor. A CBRE team of Thomas Monahan, Larry Schiffenhaus, Stephen D’Amato and Ben Shapiro are marketing and leasing the property.