New Breed to occupy 500,000 square feet

Lease agreement valued at $9 million

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New Breed, Inc., a national third-party logistics services provider based in High Point, N.C., has extended its lease at 300 Montowese Avenue in New Haven, Conn., through 2015. The 520,645-square-foot complex, known as New Haven Distribution Center, includes two large industrial buildings on a 63.61 acre site. Podolsky Northstar CORFAC International and Newmark Knight Frank, in conjunction with Sentry Commercial Real Estate Services, Inc., represented New Breed in this transaction valued at almost $9 million. New Breed manages millions of square feet of warehouse space across more than 40 distribution centers in the U.S. Preferred Real Estate Advisors represented the landlord, Pennsylvania-based PRIE North Haven Developers LLC. Send feedback or a letter to the editor to  ...