PRESS RELEASE: Cushman & Wakefield Brokers Building Acquisition for Arrowpac

EAST WINDSOR, NJ – Arrowpac, Inc. has acquired a 77,000-square-foot industrial property at 85 Twin Rivers Drive in East Windsor, announced Cushman & Wakefield, Inc. The firm has relocated its regional shipping operation to the property from Secaucus, N.J.
Cushman & Wakefield’s Daniel Badenhausen and Andrew Stypa, based at the commercial real estate services firm’s Edison office, represented Arrowpac in the transaction. The seller was Highstown Associates, LLC.
Headquartered in Secaucus, Arrowpac is a leading freight forwarder offering LTL and truckload ocean and air door-to-door service between the Continental U.S, Puerto Rico, the Dominican Republic and the Caribbean Islands. Badenhausen noted that the relocation of its shipping facility responded to strong company growth and also coincided with Arrowpac’s primary Northeast shipping line relocating from the Port of New York/New Jersey to the Port of Philadelphia.
“Arrowpac, which is expanding rapidly, wanted to accommodate its current employee base while getting closer to Philadelphia,” he explained. “Staying proximate to the New Jersey Turnpike – a major artery for trucking – also was important. We identified the Exit 8 market as a perfect balance from a location standpoint.”
Stypa added that the former FedEx terminal at 85 Twin Rivers Drive accommodates Arrowpac’s having loading requirements and also provides room for additional growth. “This property has a lot of doors and also can be expanded,” he said. “The fact that it sits right next to the Turnpike and was available for an excellent price presented a great solution.”
TAGS: Investment