Construction Begins on Massive Logistics Center in Linden
LINDEN, NJ—A project that will at full build-out will total 4.1-million square feet of new warehouse/distribution space here has broken ground.
Last Friday, a ceremonial groundbreaking was held for the Linden Logistics Center, a 4.1-million-square-foot, state-of-the-art logistics park by development joint venture partners Advance Realty Investors, Greek Development and PGIM Real Estate.
Upon completion, the Linden Logistics Center will be the largest active industrial development in the Port of New York/New Jersey region.
The redevelopment, which recently received the NAIOP New Jersey’s Industrial “Deal of the Year” award, is located on a formerly vacant 350-acre tract of land in Linden the partnership acquired in 2018.
“Today we broke ground on our largest industrial project in Advance’s 40-year history—Linden Logistics Center,” said Advance Realty Investors CEO Peter Cocoziello. “As longtime leaders in New Jersey commercial real estate, we are very excited to be a part of a project that is unrivaled in not only scale, but also its modern and innovative design. We are extremely thankful to the City of Linden and our project partners and look forward to attracting the kind of 21st century employers who will create new jobs for this region and push its thriving economy to even greater heights.”
The development will consist of eight Class A warehouse buildings designed specifically to meet the needs of logistics, distribution, fulfillment, manufacturing, last-mile-delivery, and other modern industrial users. Delivery of this multi-phase project will begin in late 2020.
Linden Logistics Center will offer access via a new bridge directly into the project. Located off Tremley Point Road, Linden Logistics Center is situated 10 miles from the Port of New York and New Jersey and minutes from the New Jersey Turnpike (Interstate 95) and Newark Liberty International Airport. The location provides exceptional access to one of the world’s most concentrated and affluent customer bases, with approximately 100 million consumers located within a day’s drive from the property.
“The area around the Port of New York and New Jersey has long been known for its dynamic industrial market. That remains true today, as it is now being fueled by the growth of e-commerce, last-mile delivery, logistics and distribution,” said Frank Greek, president of Greek Development. “By developing state-of-the-art facilities like Linden Logistics Center, we can meet all of the evolving needs of all of those businesses and ensure that New Jersey can continue to attract and retain them for decades to come.”
The venture has retained CBRE, Inc. EVP President Mindy Lissner and EVP William Waxman, supported by a 10-person team including Tom Sullivan and Kevin Dudley, to serve as exclusive leasing agents for the property.