Joint venture breaks ground on 4.1-million-SF Linden Logistics Center
Class A warehouse complex will be the largest planned industrial development in Port of NY/NJ region
A joint venture of Advance Realty Investors, Greek Development and PGIM Real Estate, announced on Friday it has broken ground on Linden Logistics Center – a 4.1-million-square-foot, state-of-the-art logistics park in Linden.
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 acquired by the partnership in 2018.
Linden Logistics Center 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, and upon completion, Linden Logistics Center will be the largest active industrial development in the Port of New York/New Jersey region.
The venture has retained CBRE Executive Vice President Mindy Lissner and Executive Vice President William Waxman, supported by a 10-person team including Tom Sullivan and Kevin Dudley, to serve as exclusive leasing agents for the property.
Linden Logistics Center will offer access via a new bridge directly into the project. Located off Tremley Point Road, Linden Logistics Center is situated just 10 miles from the Port of New York and New Jersey – the largest port on the East Coast and the third-largest port in the United States – and minutes from the New Jersey Turnpike (Interstate 95) and Newark Liberty International Airport. The location provides 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.
Linden Logistics Center also offers flexible layouts to suit specific tenant needs, excess car and trailer parking, rail access, water access, cross-docking capability and access to a high-quality workforce in the New York-New Jersey area.