Electronics retailer Best Buy has leased nearly 500,000 square feet of warehousing space in Perth Amboy, N.J., according to a recent announcement.

The value of the transaction was not disclosed.

The lease, which totals 499,863 square feet, covers Building II within the Amboy Corporate Center, which is currently under construction.

When completed, Amboy Corporate Center will comprise two buildings totaling 1.1 million square feet on 64 acres.

Amboy Corporate Center is part of The Portfield Initiatives, a joint effort by the New Jersey Economic Development Administration and Port Authority of New York & New Jersey to identify redevelopment sites near New Jersey’s ports. The center is a goal of the city of Perth Amboy’s redevelopment of the Chevron Asphalt Refinery surplus properties. The attractive new buildings were designed with 36-foot clear ceilings, 48-by-55-foot column spacing and an on-site trailer parking.


***


What’s your opinion? Leave your comments below or send a
letter to the editor.


Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription