Fujitsu General America Leases 155,000 SF at Rockefeller Group Logistics Center
HVAC Provider Takes Remaining Space at 310,000 SF Distribution Center in Piscataway
PISCATAWAY, N.J. — Nov. 6, 2018 — Rockefeller Group, a leading real estate developer, owner and operator, along with joint venture partner PCCP, LLC, announced today that Fujitsu General America Inc. (“Fujitsu General”) has leased 155,000 square feet at Rockefeller Group Logistics Center in Piscataway, N.J. Fujitsu General is consolidating and expanding its New Jersey distribution operations into this facility. Fujitsu General is the third company to sign a lease at the project which brings the second building to full occupancy. Rockefeller Group is developing five buildings totaling 2.1-million-square-feet at the site.
Fujitsu General provides ductless cooling, heating systems, and VRF technology for residential and commercial use. They will distribute air conditioners, heat pumps and other products from the location to customers throughout the Northeast.
“Rockefeller Group is pleased that Fujitsu General has decided to join Humanscale and Best Buy at Rockefeller Group Logistics Center,” said Heath Abramsohn, Vice President and Regional Director for the New Jersey and Pennsylvania region. “With the second building now 100 percent occupied, we are currently working towards completing construction on the balance of the site.”
“In order to best serve our customers in the Northeast, we felt it was important to consolidate our operations in Middlesex County,” said Matt Peterson, President and COO, Fujitsu General. “Rockefeller Group Logistics Center provides us with a location that is not only close to the port of Elizabeth, but the facility we are moving to is state-of-the-art and it essentially doubles the capacity of our existing distribution center.”
“We are delighted that Fujitsu General has chosen Piscataway, a decision that enables this international company to more broadly flourish in what is becoming an epicenter of economic development in the tri-state region,” Piscataway Mayor Brian C. Wahler said. “We thank Fujitsu General for joining our Township and wish it much success.”
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 Mr. Abramsohn.
Fujitsu General was represented by Bob Sager and Dave Blitt from Bussel Realty.
About Rockefeller Group
Rockefeller Group is a leading real estate developer, owner and operator, 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 acquisition, management and 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
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 $8 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 $17 billion of capital 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.
About Fujitsu General America
Fujitsu General America is a leading provider of ductless cooling + heating systems, and VRF technology for residential and commercial use. Also known as “mini-split” systems, Fujitsu General’s ductless heating, ventilation and air conditioning (HVAC) systems are extremely energy efficient and allow for temperature control by individual room for maximum comfort. The Fujitsu General’s Halcyon mini-split lineup includes 36 single-zone systems with capacity ranges of 9,000 to 42,000 BTUs. Mix-and-match indoor unit styles of the multi-zone systems add thousands of combinations. For more information, call (888) 888-3424 or visit www.fujitsugeneral.com.