CoStar Group - January 15, 2008
Consumer electronics and appliance retailer Best Buy has pre-leased a 517,000-square-foot distribution center being developed by Morris Cos. in the Amboy Corporate Center.
Best Buy will fully occupy the facility when construction completes in July. The property is located in Perth Amboy, NJ, south of the New Jersey Turnpike and just across the river from Staten Island. It broke ground in mid-2006 and includes 140 industrial trailer parking spaces.
Doug Bansbach of Colliers Houston represented Morris Cos. in the lease, and Mindy Lissner of CB Richard Ellis represented the tenant.
Amboy Corporate Center is slated to total more than 1.1 million square feet on about 64 acres. U.S. Foodservice has signed on to occupy more than 450,000 square feet at the center.
Best Buy operates more than 1,200 retail stores across the United States, Canada and China.
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