CB Richard Ellis this week announced it has represented Newegg.com in securing a 374,148-square-foot lease in Edison, N.J.
The value of the transaction was not disclosed.
The warehouse and distribution facility, located at 1 Gourmet Lane, is owned by Morris Cos. and features 36-foot ceilings. The property is situated in the Exit 10/287 industrial submarket, the second-largest submarket in the state with a base of more than 97 million square feet, according to a press statement.
Newegg.com is an online e-commerce company that sells computer hardware and software, consumer electronics and communications products.
“This was our third transaction with Newegg.com. This facility was selected due to its close proximity to the New Jersey Turnpike and New York City,” said CBRE’s First Vice President Scott Belfer. “This strategic location will allow shorter, more cost-effective delivery time of their products. In addition, the market boasts a strong labor force that was critical for Newegg.com’s needs.”
Los Angeles-based CB Richard Ellis Group Inc. is a commercial real estate services firm operating worldwide.