Coming 2020: 4.1M-square-foot Linden Logistics Center
Advance Realty and Greek Development announced plans for a 4.1 million-square-foot Linden Logistics Center, which would be the largest active industrial development in the Port of New York-New Jersey region, according to the partnership.
Situated on 350 acres acquired earlier this year, the eight-building development will be suited for logistics, distribution, fulfillment, manufacturing, last-mile delivery and other industrial tenants. Completion of the project is expected in late 2020.
“New Jersey has long been known for its thriving industrial market, and this first-class development will cater specifically to the fast-growing logistics, distribution and fulfillment businesses that are currently fueling the sector’s growth,” Advance CEO Peter Cocoziello said in a release.
Per the development partners, the site off Tremley Point Road boasts approximately 100 million consumers within a day’s drive of the property.
In a statement, Linden Mayor Derek Armstead said the property has been vacant for more than a quarter of a century, and he expressed hope the project will not only bring additional jobs to the area, but would help stabilize or reduce taxes in the city.
Said Linden Economic Development Corp. Executive Director Alex Lospinoso, “Moving this project forward will also create an opportunity for our state government to finally step up to the plate and make the necessary enhancements to our heavily congested infrastructure that has been put on hold for decades.”
The partnership has retained commercial real estate services firm CBRE as exclusive leasing agent for the site; the 10-person team will be led by Executive Vice Presidents Mindy Lissner and William Wasman, and include Tom Sullivan and Kevin Dudley.
Partners Advance Realty and Greek Development are based in Bridgewater and East Brunswick, respectively.