200,000 s/f warehouse space leased at Johnson & Johnson campus.

North Brunswick TOD Associates, LLC, an affiliate of Garden Homes and Garden Commercial Properties, based in Kendall Park, N.J., has leased 200,737 s/f of warehouse space at 2300 Route 1, the former Johnson & Johnson North Brunswick Campus, which it acquired earlier this year.

With these two short-term leases, approximately one-third of the 1.2 million square feet of warehouse, office and laboratory buildings located on the 212-acre site are now leased.

Chuck Fern of Lee & Klatskin represented North Brunswick TOD Associates in the transactions and is marketing the remaining 700,000 s/f of space for lease.

Johnson & Johnson has occupied and leased 213,000 s/f of office and laboratory space at the property since North Brunswick TOD Associates acquired the corporate campus last spring.

Consumer products manufacturer Church & Dwight has leased 133,098 s/f of warehouse space as part of an expansion. The transaction, which represents the first new lease at the property since it was acquired by North Brunswick TOD Associates, also includes more than 1,600 square feet of office space. Scott Belfer of CB Richard Ellis represented Church & Dwight.

According to John Taikina, director of planning and development for North Brunswick TOD Associates, "The North Brunswick Campus allowed Church & Dwight to expand existing operations within North Brunswick, and we are pleased to be able to offer the space to a company with such an outstanding reputation."

Church & Dwight already has an additional 1.5 million square feet of warehouse space, as well as a manufacturing facility, in North Brunswick.

In the second transaction, Furniture X-Change, a reseller of corporate office furniture, has leased 67,639 square feet of warehouse space at the property. Newmark Knight & Frank represented Furniture X-Change in its short-term lease.

"Furniture X-Change had lost its lease at its current location, and we were able to respond quickly and complete the lease transaction within a matter of days," Taikina said.

"Not only does this location offer great highway and rail access, as well as superior facilities, both spaces offer Church & Dwight and Furniture X-Change separate loading and trailer parking, as well as the ability to expand into contiguous space in the future.

The North Brunswick campus is located with direct access to Route 1 and offers proximity to the New Jersey Turnpike via Exit 9.

The property also features 10 acres of parking facilities for trailers and is fully fenced and secure, as well.

North Brunswick TOD Associates will subdivide the remaining space, which includes class-A warehouse space and offers up to 33-foot ceiling heights, into parcels as small as 15,000 square feet.

"The level of interest in the property has been outstanding and we see continued interest in the balance of the space every week," Taikina said. "This is a unique product not only because of its high quality, but also because it is available on a short-term basis, and is very competitively priced within the market."