Cushman & Wakefield marketing 'unique' 230,000 s/f sublet.

A 233,000 s/f, multi-year sublet opportunity is coming available at Exit 13A of the New Jersey Turnpike. The space, at 228 North Avenue East, sits directly across from Newark Liberty International Airport, abuts Port Newark/Elizabeth property and is just minutes from bridges and tunnels into Manhattan, according to Leonard T. Miller of Cushman & Wakefield, Inc. in East Rutherford, N.J., who is serving as exclusive leasing agent with Marc S. Graham.

The space will be ready for occupancy at year-end 2007. It is divisible to 112,583 s/f.

Offering Turnpike and air-traffic visibility, 228 North Avenue East is zoned for light industrial usage with 400-pound floor loads and 24-foot clear ceilings. It has 27 tailboard loading docks and abundant trailer parking. The highly secure facility is surrounded by a fenced yard, with a 24-hour on-site guard and a security system in place. 228 North Avenue East is located within Elizabeth's Urban Enterprise Zone, which offers significant tax advantages and other benefits.

"This building occupies one of the most desirable sites at Exit 13A, a market that is growing by leaps and bounds," Miller said. "Add to that the property's size and accommodations, zoning incentives, and regional amenities, and you have a truly unique sublet opportunity."

228 North Avenue East is surrounded by dense industrial and commercial development, multiple hotel complexes and significant retail offerings. AMB Property Corporation, a leading global developer and owner of industrial real estate, owns the property.