Linden Logistics Center Building E, located at 500 Linden Logistics Way, includes 480,844 square feet of a planned 4.1 million-square-foot industrial park in the city. — Courtesy: CBRE
By Joshua Burd
A logistics firm has leased more than 480,000 square feet of industrial space in Linden, filling one of two newly completed buildings at a planned 4.1 million-square-foot development.
According to CBRE, the leasing agent for the complex, World Distribution Services is the first tenant to commit to the 350-acre property just west of the New Jersey Turnpike. Advance Realty Investors, Greek Development and PGIM Real Estate are developing what’s known as the Linden Logistics Center, having delivered more than 1.3 million square feet to date.
World Distribution Services will occupy 480,844 square feet at 500 Linden Logistics Way, also known as Building E. CBRE is marketing the other completed structure, Building G, which spans 840,203 square feet.
“The quality of Linden Logistic Center speaks for itself and was the key reason for World Distribution Services’ decision to be the first major tenant at the complex,” CBRE’s Mindy Lissner said. “This deal also demonstrates the dominance of New Jersey’s industrial market where Class A logistics space is in short supply. As a result, a distribution facility like Linden won’t stay on the market for very long. We look forward to completing additional deals for the remaining space at the complex.”
Lissner represents ownership alongside William Waxman and Kevin Dudley. Jon Casella and David Gheriani, also of CBRE, represented World Distribution Services, which provides logistics solutions with a focus on retail distribution, trans-loading and international and domestic warehouse storage.
Its new facility, located just south of Port Newark-Elizabeth, will serve as WDS’ Northeast distribution center, CBRE said, citing the building’s high-bay racking, a flexible warehouse management system and modern technology.
The completion of the first two buildings marks the first phase of Linden Logistics Center, where the developers broke ground two years ago. The project is repurposing a former brownfield site that had once housed the likes of DuPont, GAF and American Cyanamid, capitalizing on its proximity to the Turnpike, the port and Newark Liberty International Airport.
Construction on a second phase is now underway, with full infrastructure build-out for the property expected by mid-year 2021.
Virtual broker event highlights construction at massive Linden logistics complex (VIDEO)
