Advance Realty and F. Greek Development Complete 190,000-SF Refrigerated Storage Facility in Woodbridge, N.J.
State-of-the-Art, Built-to-Suit Warehouse Leased to Global Storage Leader Preferred Freezer Services
The joint-venture partnership of Advance Realty and F. Greek Development announced today that it has completed construction on a 190,000-square-foot, refrigerated storage and distribution center in Woodbridge, New Jersey. Preferred Freezer Services, a worldwide operator of temperature-controlled warehouses, has leased the massive, built-to-suit facility.
Located on 9.3 acres at 275 Blair Road in Woodbridge, New Jersey, the state-of-the-art facility features a design temperature of negative 10-degrees Fahrenheit and a clearance height of 53 feet.
“To maintain a position as a global leader in refrigerated storage, a modern facility in Middlesex County, New Jersey’s industrial market is critical,” said Preferred Freezer Services CEO John Galiher. “Advance Realty and F. Greek Development were outstanding partners every step of the way in building this spectacular warehouse, which sets a new industry standard for advanced technology, energy efficiency, and strategic use of land. “
Advance Realty, a leading Northeast U.S. owner and developer of Class A office, multifamily, mixed-use and flex-space properties, and F. Greek Development, a leading Central New Jersey-based, full-service real estate firm focused on industrial development, worked with Preferred Freezer throughout the process to ensure that the warehouse would serve the company’s technical needs while providing a logistics hub in one of the nation’s most strategically advantageous industrial corridors. The facility is located less than a mile from Exit 12 on the New Jersey Turnpike, and three exits south of Newark Liberty Airport and Port Newark/Elizabeth Marine Terminal.
“Because of its location in the heart of Central New Jersey’s industrial market, this new, world-class warehouse will put Preferred Freezer in position to continue its growth as one of the world’s leading providers of refrigerated storage services,” said Peter Cocoziello, President of Advance Realty. “We are delighted to have completed the construction and we look forward to building similarly specialized industrial facilities for other corporations looking to take advantage of this area’s proximity to major ports and highways.”
F. Greek Development President Frank Greek stated: “The completion of this refrigerated warehouse for Preferred Freezer not only represents the opportunity to welcome an outstanding corporation to Woodbridge, but also another step forward for Woodbridge as a global logistics hub. We’re certain that Preferred Freezer will realize all of the benefits of its custom-designed and strategically positioned facility.”
About Advance Realty
Advance Realty is a privately owned real estate development, investment and management company headquartered in Bridgewater, N.J. Since its inception in 1979, Advance Realty has acquired or developed more than 10 million square feet of commercial, residential, R&D, industrial and mixed-use projects. Today, the company owns, manages and invests in a diversified portfolio of residential, mixed-use, retail, industrial and office in key urban and suburban markets along the Northeast Corridor. The company actively pursues real estate investments that provide opportunity to enhance value through development, repositioning and redevelopment. Advance’s strong capital base, fully integrated platform, outstanding talent and flexibility as a privately held organization position the company for continued growth. For more information, visit www.advancere.com.
About F. Greek Development
F. Greek Development is a leading Central New Jersey-based full service real estate firm focused on industrial development throughout New Jersey and Pennsylvania. Founded in 1934, the company has developed more than 15 million square feet of primarily industrial space. As one of the oldest industrial real estate development specialists in the industry today, F. Greek Development is a vertically-integrated company operating every phase of its 12 million square foot portfolio including site selection, design, construction, leasing, property management and tenant relations. For more information, visit www.greekdevelopment.com.
About Preferred Freezer Services
Preferred Freezer Services is dedicated to designing, constructing and operating state-of-the-art temperature controlled warehouses throughout the United States and Asia. Preferred Freezer Services has grown from a single facility in 1989 to 35 locations and still growing. Preferred Freezer Services operates in locations throughout the United States with facilities in New York/New Jersey, California, Florida, Georgia, Illinois, Massachusetts, Pennsylvania, Texas, Virginia as well a global locations in Vietnam and China.