Meadowlands Distribution Center greets first tenant.MediMedia USA has leased 143,436 s/ f to become the first tenant at Meadowlands Distribution Center in Carlstadt, N.J., announced Frank Caccavo of Cushman & Wakefield of New Jersey, Inc. A joint venture of ORIX Real Estate Equities, Inc. and RREEF, the 334,175 s/f high cube distribution facility was built on spec and completed in the first quarter of 2004. It is located at 350 Starke Road. Cushman & Wakefield is currently marketing the balance of the building for lease. This includes approximately 208,000 s/f of space, with the ability to construct 17,000 s/f of additional mezzanine accommodations. The 18.4-acre property offers easy access to the region's major thoroughfares and proximity to Newark International and Teterboro airports, as well as the ports of Newark and Elizabeth. MediMedia USA is an integrated group of the nation's leading providers of health information and educational materials. The lease at Meadowlands Distribution Center is part of the company's planned expansion program. It will serve as the primary location for the firm's pharmaceutical division, which will relocate to the property from Teterboro, N.J. Slated for a late summer completion, the space will include GMP GMP (guanosine monophosphate): see guanine. , FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. , DEA DEA - Data Encryption Algorithm , refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. and PDMA PDMA Product Development & Management Association PDMA Prescription Drug Marketing Act PDMA Philadelphia Direct Marketing Association PDMA Plastic Deformation Magnetic Assembly PDMA Polarisation Division Multiple Access space for use in drug distribution for MediMedia USA's United States-based pharmaceutical partners. The entire facility has been custom designed with automated material movement, wireless networking See wireless network. and paperless order picking. Frank Caccavo and Jason Goldman, of Cushman & Wakefield of New Jersey's Iselin office, and Jules Nissim and Steve Elman Steve Elman was a disk jockey at WBUR FM, Boston, Massachusetts, a public radio station licensed by Boston University. From 1976 to 1982 he played long playing jazz records in a nighttime radio program, "Spaces". , of the firm's East Rutherford headquarters, serve as the exclusive marketing agents for Meadowlands Distribution Center. They negotiated the long-term transaction for ORIX and RREEF; Andrew Moss, of Binswanger/Klatskin, represented MediMedia. 350 Starke Road single-story building is constructed of insulated pre-cast concrete panels with 32-foot clear ceilings. It includes state-of-the art communications, heating/cooling and fire protection systems, one loading dock for each 7,500 s/f of warehouse space and trailer parking and spaces for 420 cars. |
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