Best Buy Gets Huge New Distribution Spot in N.J.
Best Buy this week signed a lease for a 517,000-square-foot distribution center in Northern New Jersey, the real estate Web site CoStar.com reported.
The site, located in Perth Amboy, N.J., is just across from the New York City borough of Staten Island, near both the New Jersey Turnpike and the Garden State Parkway. It will help Best Buy better serve its markets in both New York and New Jersey; Best Buy has four locations in Manhattan, as well as one on Staten Island and one each in nearby Secaucus, West Paterson and Paramus, N.J.
Located in the Amboy Corporate Center, the site will be taken up completely by the company when construction is completed in July. It was leased by the company from Morris County. Terms of the lease were not disclosed.