Staples renews Jersey lease

Industrial digs located in centralized submarket

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Staples Inc., the office supply retail store chain, has renewed its long-term lease for 204,000 square feet of warehouse/industrial space in Monroe Township, N.J., for an undisclosed price. Staples established warehouse/office operations at the building, which is located at 21 S. Middlesex Ave., in 1993. TIAA-CREF, the national financial services provider, owns the building. According to a press statement, "Retail giants with large distribution and office centers, like Staples, value the market's proximity to major consumer markets and transportation hubs, including its vast network of highways, airports and ports." *** What's your opinion? Leave your comments below or send a letter to the editor. ...