News:
Brokerage
Posted: October 28, 2025
Lee & Associates inks 50,000 s/f warehouse lease
Edison, NJ Lee & Associates – WBE New Jersey office arranged a 50,000 s/f warehouse lease for Cangso Global Inc. at 240 Mill Rd. The commercial real estate firm’s Jianning Meng negotiated the transaction as tenant representative; Heller Industrial Parks Inc. owns the multi-tenant property.
Cangso Global’s move from Essex County represents a strategic expansion and relocation of the company’s East Coast distribution operation. Cangso Global is a U.S.-based fulfillment center specializing in providing comprehensive logistics solutions for e-commerce sellers. Their core services are designed to streamline the supply chain and enhance customer satisfaction.
“This successful transaction meets our client’s functional and logistical requirements, and aligns with their immediate and long-term goals,” said Meng. “It is also a great showcase of the outstanding work by Heller’s management team. The team completed major property improvements – including office renovations, LED lighting and sprinkler upgrades, and parking lot repaving – all within a tight schedule during the heat of summer. Their dedication and efficiency truly made this project a success.”
240 Mill Road offers immediate access to I-95, Route 1 and I-287. Cangso Global’s space offers efficiency and flexibility, featuring four loading doors, 32-foot clear ceiling heights, 42’ x 42’ column spacing and an ESFR sprinkler system.
Lee & Associates – WBE has locations throughout New Jersey. The company is the regional operation of Lee & Associates, one of the leading privately owned commercial real estate services firms in the United States. Its New Jersey team combines a commitment to excellence with the strength of the Lee & Associates platform, ensuring clients receive innovative solutions and unparalleled expertise.
Tags:
Brokerage
Outside The Region
MORE FROM Brokerage
Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx
Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a
Columns and Thought Leadership
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian
There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking