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Home Depot leases 252,000 sf for NJ distribution center.

The Home Depot, one of the nation's largest home improvement retailers, has signed leases for 252,000 square feet of warehouse/distribution space at Forsgate Corporate Center, in a transaction negotiated by the Charles Klatskin Company.

Home Depot will take immediate occupancy and is expected to employ 42 workers at the site. The facility, which was built for Channel Home Centers more than 10 years ago, will serve Home Depot's expanding operations in New Jersey.

Channel occupied the nearly 24-acre site, until its bankruptcy proceedings lead to the closing of the center last July.

"Home Depot is an expanding retailer and required an additional facility from which to supply its area stores," said Charles Klatskin, president of Charles Klatskin Company leasing agent for Forsgate Corporate Center. "Our location at Exit 8A of the New Jersey Turnpike provided easy access for their distribution throughout the region."

C. Robert Lonshein, a senior vice president in the Charles Klatskin Company, real estate brokerage division, served as the broker in the transaction.

The new Home Depot facility includes 30 loading terminals for trucks, has six rail doors and parking for 70 cars.

The company joins such major tenants as Revlon, Automatic Data Processing, Cosmair and Herman Miller, which also occupy main facilities in the park.

Forsgate Corporate Center is a 5000-acre office and industrial development at Exit 8A of the New Jersey Turnpike. There is currently 3.6 million square feet of existing and approved space, of which 90 percent is occupied.
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Title Annotation:leases 252,000 square feet of warehousing at Forsgate Corporate Center in New Jersey
Publication:Real Estate Weekly
Date:Jun 10, 1992
Previous Article:News America signs 230,000 sf lease.
Next Article:Law firm renews at The Beaumont.

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