CBRE Arranges 66,375 SF Industrial Lease for Fisher & Paykel at Centennial Commerce Center in Piscataway, NJ

21 Jul 2020

800 Cenntenial Avenue

Remaining 79,650 SF Divisible and Available at Newly Constructed Warehouse Facility

In a transaction arranged by CBRE, home appliance manufacturer Fisher & Paykel inked a 66,375 sq. ft. industrial lease at the Centennial Commerce Center in Piscataway, New Jersey. Owned by Haier, the major appliance company will occupy the space at the newly constructed warehouse property located at 800 Centennial Avenue by fall 2020.  

The CBRE team of Mindy Lissner, Robert Pine and Ben Shapiro spearhead the leasing campaign at Centennial Commerce Center and represented ownership, Penford Group, an industrial real estate development and investment firm. CBRE also acted on behalf of Fisher & Paykel in the lease negotiations, with Ms. Lissner part of the CBRE team representing the company internationally. 

Completed in 2019, Centennial Commerce Center is a warehouse facility totaling 277,830 sq. ft. The property offers immediate access to I-287 via two, four-way Interchanges; Route 78 and proximity to Port Newark-Elizabeth and Newark Liberty International Airport. Sitting on 19.4 acres, the warehouse boasts a corporate campus setting, significant frontage on Centennial Avenue, 36’ clear ceilings, a 140' loading court, 3,000 amps of power and onsite parking for 261 cars, with potential to construct an additional 205 automobile spaces. 

“Centennial Commerce Center, a new high-image, Class A warehouse, offers immediate access to all roadways serving New Jersey and the Northeast along with unmatched proximity to the seaport and airport,” said Ms. Lissner. “The property provides a diverse and top tier labor pool in the surrounding area as well as many local amenities.”

“This new state-of-the-art distribution facility was expressly redeveloped to significantly reduce the operating expenses of the new building and offer tenants exceptional savings,” added Mr. Pine.

In addition to the 66,375 sq. ft. lease with Fisher & Paykel, the CBRE team is currently marketing 79,650 sq. ft. of prime warehouse space that is divisible and available for immediate occupancy.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.