Cabot Distribution Center holds steel signing ceremony. (Transcripts).
The three-hour event included speeches by executives from Auber Resources, Volkswagen of America, Inc., and Cabot Industrial Trust, a steel signing ceremony, and an Oktoberfest buffet with German music. Volkswagen of America, Inc. will occupy the entire 928,000-SF facility located in the Exit 8A market, which will be used as a new parts distribution center and depot for parts arriving from Europe. Occupancy is tentatively scheduled for the third quarter of 2002.
The new facility will be situated on 71 acres at the northeast corner of Station Road and Route 130 in Cranbury township. The state-of-the-art facility designed by KSS Architects will include such features as 32-foot clear ceilings, four major architectural entrances, architectural quality pre-cast panels, trailer parking for 100 trucks, generous truck courts, cross docking, 100% air conditioning, and approximately 50,000 SF of office space.
Cabot Distribution Center is being developed by Cabot Industrial Properties, LP, a wholly owned subsidiary of Cabot Industrial Trust.
Gene Reilly, senior vice president of development of Cabot Industrial, said, "The Volkswagen facility sets a new standard of excellence in the Exit 8A marketplace. We are proud to be associated with Volkswagen in a project of this scale and quality".
The construction of the Volkswagen parts facility, which will replace its current regional parts distribution center located four miles a way in South Brunswick, will supplement Volkswagen's other current parts distribution centers in the United States and Canada. In addition to being a depot for European parts, the facility will be the Eastern parts distribution center, serving the region by distributing parts directly to local Volkswagen and Audi dealers.
Cabot was represented by Auber Resources, Inc. in the lease transaction, in affiliation with The Garibaldi Group.
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|Title Annotation:||developed by Cabot Industrial Properties, LP|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||Dec 19, 2001|
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