200 Linden Logistics Way in Linden — Courtesy: Advance Realty Investors/Greek Real Estate Partners
By Joshua Burd
Advance Realty Investors and Greek Real Estate Partners have leased 165,000 square feet in Linden to a third-party logistics firm, bringing another tenant to their recently completed, 4.1 million-square-foot industrial campus near the New Jersey Turnpike.
The tenant, SpeedX, will occupy part of a 516,476-square-foot facility at 200 Linden Logistics Way under a long-term deal announced Monday. The New York-based firm and partner with Accelerated Global Solutions signed the lease as part of a planned $1 billion factory-to-front-door expansion that will see the company build out an end-to-end logistics hub, allowing small and midsized companies to ship products from overseas, especially from Asia, to U.S. customers.
CBRE’s Tom Monahan and Larry Schiffenhaus represented ownership at the 350-acre Linden Logistics Center, which was developed by a partnership of Advance, Greek and PGIM Real Estate. Jordan Metz and Benito Abbate of Bussel Realty Corp. represented SpeedX.
“We’re pleased to welcome SpeedX to Linden Logistics Center, a premier location that continues to attract top-tier distributors from around the world,” said Alex Motiuk, director of acquisitions at GREP. “As demand for well-located industrial space continues to outpace supply across northern New Jersey, the center is exceptionally well-positioned to benefit from this ongoing market tightening. Its proximity to key transportation corridors, port access and dense population centers makes it highly attractive to ecommerce, logistics and last-mile delivery operators.”
The park is now 82 percent occupied by major tenants including Peloton, Samsung, Vanguard Logistics, World Distribution Services, Fabuwood Cabinetry and OCM Globe.
“Linden Logistics Center offers an exceptional location for distributors seeking modern, high-performance facilities with immediate access to key population centers and the Port of New York and New Jersey,” said Alex Cocoziello, principal and chief investment officer of Bedminster-based Advance Realty Investors. In today’s competitive supply chain environment, proximity and efficiency matter more than ever — and Linden delivers on both.”
CBRE continues to market limited availabilities at Linden Logistics Center, including 351,476 square feet at 200 Linden, 97,000 square feet at 300 Linden Logistics Way and a potential 275,000-square-foot build-to-suit opportunity at 900 Linden Logistics Way, according to a news release. They’re aiming to lure tenants with the site’s quick access to the New York and New Jersey port system, proximity to Newark Liberty International Airport and direct connectivity to major highways including the New Jersey Turnpike, Routes 1 & 9 and Interstate 278.
The brokerage team added that the campus allows for efficient import, export and last-mile delivery operations, making it an ideal hub for companies with high-volume, time-sensitive logistics needs across the U.S. Northeast and beyond.
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