what business is at 703 bartley chester rd flanders nj
A logistics firm has signed a large lease in Morris County, backfilling what was once a sprawling Toys R Us warehouse. Multiple market reports indicated that List Logistics committed to a reported 844,373 square feet at 703 Bartley-Chester Road in Mount Olive. The space is one of the state’s largest available warehouse spaces, according to Cushman & Wakefield, which arranged the deal for landlord Square Mile Capital.
The third-party freight distribution company will occupy the entire 1.4 million-square-foot industrial building, which offers 49-foot clear heights and extensive trailer parking. Charles Fern, Thomas Tucci, Jason Barton and Andrew Siemsen of Cushman & Wakefield’s Iselin, N.J. office represented the tenant and current ownership.
The site is well-located 5 miles to Interstate 80 at Exit 27, providing easy employee access to New Jersey’s extensive transportation infrastructure. The area also has a high population density with close proximity to executive and labor force housing, creating a highly attractive workforce pool for 3PL users. The property’s single-story structure was built in 2001 and has a tax assessor’s market value of $54,450,000.