Kearny, New Jersey - July 18, 2018 - In a transaction arranged by CBRE, global logistics provider Mainfreight has signed a long-term, 110,147-square-foot industrial lease at RTC Properties' 50 Cable Drive in Kearny, New Jersey.
The CBRE team led by executive vice president William Waxman arranged the lease on behalf of Mainfreight, a provider of managed warehousing, as well as international and domestic freight forwarding services.
"Mainfreight's decision to take industrial space at 50 Cable Drive is a testament to northern New Jersey's extensive transportation network, population density and educated workforce," said Mr. Waxman.
The 110,147-square-foot property features on-site management, 24/7 security and direct access to US Routes 1 & 9. It is also in close proximity to the New Jersey Turnpike, Port Newark, Newark International Airport and New York City.
Mainfreight was founded in 1978 in Auckland, New Zealand and soon grew into the country's most extensive freight network.? By 1999, Mainfreight became a fully global company with the acquisition of businesses in both Asia and the United States.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.