NAI Hanson Negotiates 13,600-Square-Foot Lease for HVACR Wholesale Distributor

Jan 25, 2019

Cranbury Township, N.J. (January 25, 2019) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a 13,600-square-foot lease at 3 Corporate Drive in Cranbury Township, N.J. NAI James E. Hanson’s Steven Leitner represented the tenant, Johnstone Supply, in the transaction. The Landlord, Kerzner Associates, was represented by its President, Sandy Kerzner.

3 Corporate Drive is a 54,000-square-foot industrial building with 28’ ceilings and 7,000 square feet of office space. Located in the heart of the New Jersey Turnpike Exit 8A industrial market which lies 45 miles southwest of Manhattan and 60 miles northeast of Philadelphia, this location is ideal for distributors, enabling them to reach one third of the American population in a one-day drive. Marking the company’s 11th location in New Jersey, the space at 3 Corporate Drive will be utilized as a showroom and warehouse for the wholesale distribution of HVACR equipment, related accessories, refrigeration parts, supplies and equipment.

Established in 1953 in Portland, Oregon as a single store to serve local contractors, Johnstone Supply has grown to become the top cooperative wholesale distributor currently in the country and is recognized today as a national leader in the HVACR industry. With over 425 locations across the United States and Canada, Johnstone Supply has one of the largest selections of OEM parts in the industry to meet the growing needs of its HVACR contractor customers.

“The Exit 8A industrial market continues to be one of the most sought-after locations for warehousing and distribution in the state, as major transportation arteries such as the New Jersey Turnpike offer unmatched access to millions of consumers,” said Leitner. “Looking to expand their operations in New Jersey, Johnstone Supply recognized that a well-located property in the heart of the Exit 8A market would serve as an ideal location to support their continued growth.”

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