Levin launches 2nd spec industrial building in 12 months

In February, Levin Management Corp. secured a tenant for a 30,000-square-foot speculative warehouse under development at Rutgers Industrial Center. Now, the Plainfield firm is at work on a 78,000-square-foot building at the Piscataway campus.

LMC announced the launch of construction on the new effort March 16. Located at 30 Duke Road, delivery of the Class A facility is expected in the fourth quarter.

The firm is the asset manager for the seven-building park, which measures approximately 650,000 square feet. It is also serving as construction manager for the newest building: a single-story structure that will feature 40-foot clear ceiling heights, 13 bays, an ESFR sprinkler system and 2,000-amp electrical services.

Cushman & Wakefield Executive Vice Chair Chuck Fern, Executive Managing Director Jason Barton and Senior Associate Jack Winge serve as landlord brokers for the complex.

According to LMC’s announcement, the activity at Rutgers Industrial Center is a reflection of sustained demand from e-commerce users and third-party logistics providers in the region. The property is centrally located in Middlesex County and sits in the heart of the Interstate 287 corridor, a half mile from Exit 8 and just 5 miles from Exit 10 of the New Jersey Turnpike. Additionally, the NS Independent Bulk Transfer Terminal-Middlesex-NJ is just minutes away.

“This market continues to draw last-mile delivery requirements,” said Matthew Harding, LMC’s chief executive officer. “With 101 Circle Drive N. and 30 Duke Road, Rutgers Industrial Center is meeting the needs of users looking for build-out-ready warehouse space with easy access to the entire metropolitan region and beyond.”

The 30,000-square-foot building on Circle Drive North, leased last month by electronics manufacturer RCF USA, is nearly complete, LMC said.