DWS Group Acquires 300 Ridge Road Piscataway From PCCP LLC With Brokers Andrew Merin And Brian Whitmer

The property asset involved in this transaction is a distribution center located at 300 Ridge Road, Piscataway, NJ, in the Monmouth Junction market. This building is a 725,000-square-foot distribution center that was fully leased to Best Buy during its construction. It features 36-foot clear ceiling heights, 137 cross-docked loading positions, and 195-foot truck docks.

Summary of transaction details:

• Property Type: Distribution Center
• Transaction Amount: Not Disclosed
• Address: 300 Ridge Road, Piscataway, NJ, 08854
• Market: Monmouth Junction
• Seller: PCCP LLC
• Buyer: DWS Group
• Seller's Representatives: Andrew (Andy) Merin, Brian Whitmer (Cushman & Wakefield)
• Brokers: Gary Gabriel (Cushman & Wakefield)
• Building Size: 725,000 Square Feet

The transaction involved a team from Cushman & Wakefield, including Gary Gabriel, who represented the seller and procured the buyer. Other team members included Andrew Merin, David Bernhaut, Brian Whitmer, Kyle Schmidt, and Ryan Larkin. This sale marks the first transaction at the Rockefeller Group Logistics Center, which will eventually host five buildings totaling 2.1 million square feet.