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CONTENTS
SUMMER 2024
Features
18 The Waiting Game
Industrial tenants delaying lease decisions amid
capital concerns, despite demand for new space
20 Building Blocks
Project tour, expansion to new schools helping to grow ULI’s UrbanPlan program for students
22 Dual Approach
Shalek brothers, identical twins, making their mark in low-coverage industrial, with ground-up development on the horizon
Departments
8 The Briefing
Bayonne studio developer secures $400 million tax credit, plus other top stories in commercial real estate
12 Deal Sheet
A roundup of CRE leases, sales and financing
24 People on the Move New hires and executive moves
32 In the Moment
Events and celebrations in commercial real estate
ON THE COVER: Industrial tenants are still yearning for the types of modern, high- end logistics spaces that have flooded the market in recent years, but developers say they’re grappling with indecision by occupiers that remain cost-conscious in the near term.
TM5
90,720 SF - 332,640 SF FOR LEASE
LINCOLN LOGISTICS BAYONNE
101 PORT LINCOLN ROAD, BAYONNE, NEW JERSEY 07002
NEW YORK CITY
332,640 SF AVAILABLE
±5.4 ACRES OF PARKING
DIVISION POSSIBLE // ADDITIONAL ±5.4 ACRES OF PARKING AVAILABLE
FOR MORE INFORMATION OR TO SCHEDULE A TOUR CONTACT:
THOMAS F. MONAHAN
Vice Chairman +1 201 712 5610 [email protected]
LARRY SCHIFFENHAUS
Executive Vice President +1 201 712 5809 [email protected]
BRIAN GOLDEN
Executive Vice President +1 201 712 5607 [email protected]
NEW CONSTRUCTION AVAILABLE NOW
lincolnlogisticsbayonne.com