Humanscale Leases 155,000 SF at Rockefeller Group Logistics Center
– Ergonomic office-solutions company joins tenant roster at 2.1-million-square-foot logistics hub in Piscataway, New Jersey
PISCATAWAY, N.J. (SEPTEMBER 13, 2018) — Rockefeller Group, a leading real estate developer, owner and investor, along with joint venture partner PCCP, LLC, announced today that it has signed a lease with Humanscale at its 228-acre site in Piscataway, N.J., where Rockefeller Group is building the 2.1-million-square-foot, state-of-the-art Rockefeller Group Logistics Center.
Humanscale, which designs and manufactures ergonomic office solutions, will occupy 155,000 square feet at Rockefeller Group Logistics Center, a new large-scale development that will comprise five buildings upon its completion, ranging in size from 200,000 to 725,000 square feet. Humanscale will use the space for the distribution of its award-winning products.
Earlier this year, Rockefeller Group announced that Best Buy signed a lease to become the first official tenant of the Logistics Center, which – representing a combination of speculative and build-to-suit opportunities – was designed to accommodate users with a wide variety of size and infrastructure requirements.
“We’re excited to welcome Humanscale, which is widely respected as a pioneer and innovator in its industry,” said Brandi Hanback, Executive Vice President and Head of Industrial Development nationally for Rockefeller Group. “The world-class companies that have made the decision to bring their operations to Piscataway are proof that this project is quickly becoming one of the most sought-after distribution hubs in New Jersey and the entire Northeast.”
“Servicing our customers is of the utmost importance to us,” said Lynda M. Dehn, Vice President, Contracts and Strategic Relationships for Humanscale. “As we experience a continued demand for our products, we continue to invest in infrastructure to make the fulfillment process simple and smooth. With our manufacturing facility also located in Piscataway, New Jersey, the new Rockefeller Group Logistics Center is an ideal solution.”
The Cushman & Wakefield team of Jules Nissim, Stan Danzig and Marc Petrella serves as the exclusive marketing and leasing agent for the development and represented Rockefeller Group and PCCP in the transaction, along with an in-house team led by Rockefeller Group’s Heath Abramsohn, Vice President and Regional Director for the New Jersey and Pennsylvania region.
“Humanscale is a terrific addition to this project,” said Mr. Abramsohn. “We very much appreciate the support of local officials and the greater Piscataway community for fostering an environment that businesses like Humanscale and Best Buy want to be a part of.”
“We are thrilled that the economic development of our Township continues to flourish with companies like Humanscale locating and expanding in Piscataway,” Piscataway Mayor Brian C. Wahler said. “The entire community benefits when good paying jobs are available to local residents and we wish Humanscale the best of luck on its ever-growing success.”
The facilities at the Rockefeller Group Logistics Center boast an advanced-functionality design that allows for future growth. Additionally, flexible transaction options allow for users to either lease or own space. Notable features and amenities include a range of 36-to-40-foot-clear building heights, excess trailer parking for each individual building, two means of ingress and egress to the site, and an in-place 30-year PILOT agreement. Rockefeller Group Logistics Center is especially ideal for users involved in e-commerce, third-party logistics, food and beverage, retail or other consumer products.
Humanscale was represented by Mark Jones of Lennard Commercial Realty in Toronto, Canada and James Scancarella of Cresa New Jersey.
About Rockefeller Group
Rockefeller Group is a leading real estate developer, owner and manager, known since the development of Rockefeller Center for pioneering large-scale urban mixed-use development. For nearly nine decades the company has been trusted for its financial strength, stability and vision, and today remains committed to the selective development of innovative, high-quality office, industrial, residential and mixed-use properties in urban centers and strategic distribution markets. The company combines the global perspective and market access of a sophisticated development and investment management platform, through its partnership with Tokyo-based Mitsubishi Estate Co. Ltd., and its strategic investments in independent property fund platforms in the United States and Europe. Visit RockefellerGroup.com.
About PCCP, LLC
PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has over $6.5 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco and Los Angeles, PCCP has a 20-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has successfully committed over $16 billion of capital since inception through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.
Humanscale is the leading designer and manufacturer of high-performance ergonomic products that improve the health and comfort of work life. Through leveraging new technology in functional yet minimal designs, Humanscale transforms traditional offices into active, intelligent workspaces. Committed to making a net positive impact on the earth as well as our customers, Humanscale offers award-winning products designed with a focus on function, simplicity and longevity. For more information, visit www.humanscale.com.