620 Division St. in Elizabeth — Courtesy: The Blau & Berg Co.
By Joshua Burd
A global freight forwarder is now a full-building tenant at an Elizabeth industrial property, having added more than 48,000 square feet under a deal arranged by The Blau & Berg Co.
According to the leasing team, the expansion by US Logistics Group Inc. follows its initial 74,675-square-foot commitment last fall at 620 Division St. The company occupies the newly renovated, 123,025-square-foot facility under a lease with Terreno Realty Corp., benefiting from a location near Route 1&9 and minutes from Exit 13A of the New Jersey Turnpike.
The property is also just a few miles from Port Newark-Elizabeth and Newark Liberty International Airport. US Logistics Group’s larger footprint will support a business that offers services such as door-to-door transportation, real-time shipping data and advanced tracking systems, as well as warehousing and distribution.
The remaining space absorbed by the firm spanned 48,360 square feet.
“The leasing activity in this segment of the Northeast last-mile corridor has increased substantially,” said Jason Crimmins, Blau & Berg’s president. “We are delighted to witness US Logistics expand their presence and continue their trajectory of success and growth. The availability of additional space at 620 Division was a significant advantage for them. Terreno Realty has done an exceptional job in renovating the facility, enhancing its appeal and functionality.”
Terreno, 3PL firm sign 75,000 sq. ft. industrial lease in Elizabeth
