In a transaction arranged by CBRE, Modell’s Sporting Goods has committed to a 312,373 sq.ft. industrial lease at 201 Old York Road in Bordentown, New Jersey. The sporting goods retailer, with locations throughout the Northeastern United States, will house its logistics and distribution operations at the newly built, state-of-the-art facility owned by Matrix Development.

The CBRE team of Bill Waxman, Mindy Lissner and Steven Beyda worked in tandem with Brett Weinblatt of Compass Commercial in representing Modell’s in the search and lease negotiations. CBRE’s Paul Touhey, Dan McGovern and Jake Terkanian also assisted in the space search.

“The transaction involved an exhaustive search throughout New Jersey, lower New York and Eastern Pennsylvania,” said Mr. Waxman, Executive Vice President, CBRE. “The building is a brand-new distribution facility that boasts the types of amenities that will allow Modell’s to improve its supply chain operations, deliver merchandise to the stores more efficiently, enhance its growing e-commerce business and position the company for future growth and exceptional service.”

Modell’s is partnering with enVista, a leading global software solutions and consulting firm, to engineer and furnish its new facility.

201 Old York Road is located within the Central New Jersey industrial market, one of the country’s most dynamic distribution hubs. The facility is near Port Newark/Elizabeth, the Philadelphia and South Jersey docks, Newark Airport, Philadelphia Airport and JFK Airport.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.