JRT Realty Group, Inc. Negotiates Industrial Lease In New Castle, Del.
CuraScript is Newest Tenant at Boulden Interchange Park
NEW CASTLE, DE (PRWEB) October 13, 2006
JRT Realty Group, Inc., has closed an industrial lease totaling 34,950 square feet at 2 Boulden Circle in New Castle, Del. The 10-year deal with CuraScript was negotiated by JRT Realty and its strategic alliance partner Cushman & Wakefield on behalf of the building’s owner, TIAA-CREF, the national financial services organization. CuraScript, Inc. is a wholly owned subsidiary of Express Scripts, Inc., one of the nation’s largest Pharmacy Benefit Managers.
JRT Realty provides leasing and asset management services at more than 150 buildings, totaling over 12 million square feet of office and industrial space, which includes a portion of TIAA-CREF’s national portfolio. The firm collaborates with Cushman & Wakefield to provide a full range of commercial real estate services, including valuation, strategic planning, marketing and property repositioning, property and project management and construction supervision. Headquartered in Manhattan, JRT Realty collaborates with real estate professionals in Cushman & Wakefield’s 195 field offices, including a branch location in Philadelphia, Pa.
CuraScript is a leading biopharmaceuticals provider of affordable, high-quality care for complex and chronic medical conditions. The company offers a broad range of services for physicians, health plan sponsors and pharmaceutical manufacturers to support the delivery of care.
“Boulden Circle’s strategic location offers tenants immediate access to one of the country’s most expansive transportation and distribution networks,” noted Greg Smith, executive vice president of JRT Realty Group. “This is a vital requirement for businesses like CuraScript, whose mission is to fulfill the diverse pharmaceutical requirements of healthcare providers and their patients nationwide.”
Located at the Boulden Interchange Park, one of Delaware’s premier industrial centers, 2 Boulden Circle is situated within a half mile of Interstates 95, 295 and 495. Major mid-Atlantic metropolitan areas within a short driving distance include Philadelphia, Pa.; Washington, D. C.; Newark and Jersey City, N. J.; and Manhattan. The area’s vast railway networks also link to the Northeast corridor lines. Additional building tenants include TDS Automotive US, Inc.; E. I. DuPont; Office Movers, Inc.; and Plastic Omnium.
JRT Realty is the largest certified women-owned commercial real estate services firm in the country. The company is certified as a Minority and Woman-Owned Business Enterprise (M/WBE) by the Women’s Enterprise National Council (WBENC), Women Presidents’ Educational Council (WPEO), National Minority Business Council (NMBC), New York City Department of Small Business, New York State and the Port Authority of New York and New Jersey.
TIAA-CREF is a national financial services organization with more than $380 billion in combined assets under management and the leading provider of retirement services in the academic, research, medical and cultural fields. It is also one of the largest institutional real estate investors with a $67 billion global real estate portfolio. Further information can be found at www. tiaa-cref. org.
About JRT Realty Group
Founded in 1996, JRT Realty Group is the largest woman-owned commercial real estate firm in the United States. JRT is a national, highly-qualified, full service corporate real estate services company that specializes in strategic planning, corporate real estate portfolio management and tenant representation leasing as well as property marketing, financing and investment sales. The company was formed in response to the New York City Department of Business Services Minority and Woman-Owned Business Enterprise (M/WBE) Program. The firm is a certified M/WBE with many corporations as well as state and city governments across the nation and is nationally certified with WBENC (Women Business Enterprise National Council) and The National Minority Business Council, Inc. It has earned a number of prestigious industry awards including the 2002 National Minority Business Council's Outstanding Business of the Year. To find out more about JRT Realty Group, visit the web site at www. jrtrealty. com.
About Cushman & Wakefield
Founded in New York City in 1917, Cushman & Wakefield is the largest New York-based commercial real estate firm and the preeminent global real estate services provider. From its Midtown Manhattan world headquarters, the firm operates more than 195 offices in 55 countries around the globe and employs more than 11,000 professionals. In addition to office brokerage, Cushman & Wakefield maintains one of the industry’s strongest retail services groups. The firm is New York City’s largest property manager, with more than 52 million square feet of property under management through its Asset Services division. The company is a leader in investment sales, valuation, research and other advisory services, available through the company’s Corporate Services group or directly through the firm’s Advisory Group. Cushman & Wakefield maintains eight full-service offices in the New York/New Jersey region. In addition to Midtown and Downtown Manhattan, Cushman & Wakefield maintains leading metropolitan area offices in Stamford, Conn., White Plains and Melville, N. Y., East Rutherford, Edison and Parsippany, N. J. To find out more about Cushman & Wakefield, visit the firm’s web site at www. cushwake. com.
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