Key Takeaways
- • Essex Food Ingredients leased 100,500 square feet at Arsenal Trade Center, a 1.1 million-square-foot Class A logistics campus in Sayreville, New Jersey, marking the latest tenant addition to the development.
- • The property, developed by Trammell Crow Co. and CBRE Investment Management, has achieved near-full occupancy with approximately 535,915 square feet of industrial leases secured across multiple tenants.
- • 635,000 square feet of space remains available for lease across Buildings 1 (185,000 SF) and Building 3 (450,000 SF), presenting continued leasing momentum for institutional investors and logistics operators.
- • The transaction was facilitated by major brokerage teams including CBRE (Tom Monahan, Larry Schiffenhaus, and Brian Golden) and Cushman & Wakefield (Mindy Lissner, Mark Zaziski, and Patrick Decker).
- • The development features modern logistics infrastructure with superior access and planned rooftop solar panel installations, reflecting both operational and sustainability objectives.
Summary
Trammell Crow Co. and CBRE Investment Management have secured Essex Food Ingredients as the newest tenant at Arsenal Trade Center, their 1.1 million-square-foot Class A logistics campus located in Sayreville, New Jersey. Essex Food Ingredients, a full-service distributor of high-quality industrial food ingredients, will occupy 100,500 square feet in Building 1 of the development.
This lease represents continued momentum in the leasing of the 74-acre property, which was acquired by the joint venture in June 2024 and has progressed to near-full occupancy. Earlier phases of leasing included a 342,000-square-foot commitment from a wholesale distributor and a 452,000-square-foot lease to Chinese logistics firm Worldwide Logistics, demonstrating strong institutional tenant demand for modern logistics assets in the New Jersey market.
Approximately 635,000 square feet of space remains available across the development, specifically the remainder of Building 1 (185,000 square feet) and the entirety of Building 3 (450,000 square feet). The developers are actively marketing these spaces to logistics and distribution operators. The property differentiates itself through superior infrastructure and access, and is planning rooftop solar panel installations, aligning with institutional capital preferences for ESG-compliant industrial real estate.
The transaction was facilitated by experienced brokerage teams, with CBRE's Tom Monahan, Larry Schiffenhaus, and Brian Golden representing the landlord/developer, while Cushman & Wakefield's Mindy Lissner, Mark Zaziski, and Patrick Decker represented Essex Food Ingredients. For additional leasing inquiries, developers have identified the CBRE team as primary contacts.
This lease represents continued momentum in the leasing of the 74-acre property, which was acquired by the joint venture in June 2024 and has progressed to near-full occupancy. Earlier phases of leasing included a 342,000-square-foot commitment from a wholesale distributor and a 452,000-square-foot lease to Chinese logistics firm Worldwide Logistics, demonstrating strong institutional tenant demand for modern logistics assets in the New Jersey market.
Approximately 635,000 square feet of space remains available across the development, specifically the remainder of Building 1 (185,000 square feet) and the entirety of Building 3 (450,000 square feet). The developers are actively marketing these spaces to logistics and distribution operators. The property differentiates itself through superior infrastructure and access, and is planning rooftop solar panel installations, aligning with institutional capital preferences for ESG-compliant industrial real estate.
The transaction was facilitated by experienced brokerage teams, with CBRE's Tom Monahan, Larry Schiffenhaus, and Brian Golden representing the landlord/developer, while Cushman & Wakefield's Mindy Lissner, Mark Zaziski, and Patrick Decker represented Essex Food Ingredients. For additional leasing inquiries, developers have identified the CBRE team as primary contacts.
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