Colliers International Group Inc. (NASDAQ: CIGI, TSX: CIG) has negotiated a lease for 128,700 square feet of industrial/warehouse space at Prologis Monroe, Two South Middlesex Avenue in Monroe Township, N.J. Jonathan Tesser and Michael Markey, executive managing directors in Colliers' Princeton office, along with Eric Chou of the firm's Ontario, Calif. office, represented the tenant, SIF Services LLC. CBRE represented the landlord, Prologis.
SIF Services LLC, based in Ontario, Calif., serves a broad customer base with a range of business services including product sourcing, import services and order fulfillment. The company is expanding and consolidating its Garden State operations at Two South Middlesex Avenue, according to Tesser.
"The company had two smaller facilities in New Jersey, and due to its growth and additional business, there was a need to expand and consolidate their operation into one larger space," Tesser said. "Located less than two miles from Exit 8A of the New Jersey Turnpike, Prologis Monroe was perfectly suited for SIF Services LLC's requirements and offered the tenant a strategic location in the heart of a desirable Middlesex County submarket."
Encompassing 218,100 square feet of industrial/warehouse space, Two South Middlesex Avenue is situated in proximity to major highways including the New Jersey Turnpike, Route 130 and Route 1, and is just 30 miles from Newark Liberty International Airport and the Ports of Newark/Elizabeth.
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(Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
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