From left: Ronel Borner, CenterPoint Properties senior vice president of development, Linden Mayor Derek Armstead and Stephen Hehl were among those on hand to break ground on CenterPoint at Linden, a planned 321,875-square-foot logistics facility at 1601 West Edgar Road in the city. — Courtesy: CenterPoint
By Joshua Burd
CenterPoint Properties has broken ground in Linden on a building that will house more than 320,000 square feet of new industrial space minutes from Port Newark-Elizabeth.
Located at 1601 West Edgar Road, the facility will be among the newest additions to the city’s fast-growing stock of modern logistics and distribution space. It’s also the latest New Jersey project by the Oak Brook, Illinois-based developer, whose plans call for a 40-foot clear ceiling height, 50 loading docks with room to expand and parking for up to 100 trailers and some 250 cars.
CenterPoint is repurposing the former site of a Walmart-anchored retail center, capitalizing on a location four miles from the New Jersey Turnpike. Completion of the new 321,875-square-foot facility is slated for August 2023.
“CenterPoint Properties believes in investing in logistics properties located in strategic markets with access to critical regional infrastructure like ports, major interstates and airports,” said Ronel Borner, a senior vice president of development with CenterPoint. “Linden checks all those boxes. We’ve got the Port, I-95 and, of course, Newark International Airport eight miles away.”
Those on hand for a recent groundbreaking ceremony included Linden Mayor Derek Armstead, who noted that many of the businesses in the previous retail space have relocated nearby.
“The warehouse is going be one more of our attractions here in town [delivering] five times the tax ratables that we were accustomed to getting here,” Armstead said. “To me, that’s a win.”
Cushman & Wakefield’s Stephen Elman, Jules Nissim and Stan Danzig lead the leasing team for CenterPoint at Linden. What’s more, Borner noted that the firm is working toward achieving certification on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale, having incorporated features such as electric vehicle charging capability and solar panels on the building’s roof.
CenterPoint eyes groundbreaking for new 322,000 sq. ft. Linden industrial project