The first phase of Crow Holdings Development’s Golden Triangle Logistics Center will bring 535,600 square feet of new industrial space to a site near the intersection of Interstate 84 and Route 17 in Wallkill, New York. — Courtesy: Crow Holdings Development
By Joshua Burd
Construction is well underway on a project by Crow Holdings Development that will bring nearly 835,000 square feet of new logistics space to New York’s Hudson Valley.
According to the firm’s Northeast team, which is based in Montclair, crews have erected the walls and are installing steel for the first phase of the development at 2 and 4 Katy Trail in Wallkill. That has set the stage for a summer 2025 delivery for the initial building, which will span 535,600 square feet, as Crow Holdings looks to capitalize on a location at the nexus of Interstate 84 and Route 17 and just 60 miles north of New York City.
The 92-acre project is the firm’s first industrial development in New York State.
“Orange County has come into its own,” said Brad Vander Vliet, a vice president with Crow Holdings Development. “The Hudson Valley is a natural extension of the northern New Jersey market, while offering rents 30 percent lower, greater regional connectivity characteristics and port proximity comparable to that of Exit 8A. A strong labor pool and reasonable taxes add to its appeal.”
The market’s growth led Crow Holdings to purchase the site last year, Vander Vliet said, noting that the planned Golden Triangle Logistics Center will be within a day’s drive of more than 50 million consumers, with connectivity to service the Boston-to-Baltimore corridor. It’s now working alongside a JLL team led by James Panczykowski and Rob Kossar to market the campus for lease to tenants or turnkey sale to users.
The divisible first phase will have 36-foot clear ceiling heights, 88 dock doors and parking for 83 trailers and 422 cars, plus built-to-suit office space, the firm said, while plans also call for a second, 299,200-square-foot building that it touted as a prime build-to-suit opportunity.
“In the past, this region posed barriers to entry from a cost standpoint,” Vander Vliet said. “However, market conditions have reached a point that justifies development. For us, Golden Triangle is a strong initial investment in Orange County and New York State as a whole.”
Crow Holdings’ other Northeast projects include multiple warehouse developments in Philadelphia, part of a growing platform for the team behind high-profile facilities in New Jersey. Those include Crow Holdings at Carteret and 25 Market St. in Elmwood Park, the firm said, contributing to more than 3.5 million square feet of new development in New Jersey and Pennsylvania over the past two years.
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