The Advance Group Leases 93,728 Square Feet At 700 Federal Boulevard In Carteret, NJ

The transaction involves a 93,728-square-foot industrial asset located at 700 Federal Boulevard in Carteret, New Jersey. The property is part of Link Logistics’ Port South industrial park, which provides access to major transportation hubs.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 700 Federal Boulevard
• Market: Carteret, NJ
• Landlord: Luke J. Petherbridge - Link Logistics
• Tenant: The Advance Group
• Landlord's Representative: Brian Golden - CBRE
• Tenant's Representatives: Edward M. English, Jr., Ronald Ganter & Oliver Petrovic - Avison Young

Avison Young represented The Advance Group in consolidating its operations from three locations in Newark and Harrison into this single Class A distribution facility. This strategic move enables improved operational efficiency for The Advance Group within an optimal distribution environment.