Lincoln Equities Group is planning a speculative 332,640-square-foot distribution facility at its Lincoln Logistics Bayonne site, as depicted in this rendering. — Courtesy: Ford & Associates
By Joshua Burd
Lincoln Equities Group has broken ground on more than 330,000 square feet of speculative warehouse space in Bayonne, in the final piece of a highly touted 153-acre industrial park.
The developer said last week that foundation work is underway at what’s known as Building 100, with delivery slated for year-end. It will rise alongside another facility under construction, the 886,000-square-foot, build-to-suit regional hub and package distribution center for UPS, within the Lincoln Logistics Bayonne complex just east of Route 440.
LEG expects the new building to draw e-commerce and last-mile delivery providers.
“Lincoln Logistics Bayonne represents the largest infill industrial redevelopment in the New York metro area,” said Joel Bergstein, the firm’s president. “Upon completion, these two state-of-the-art warehouse and distribution facilities will fulfill our vision of designing a modern portside distribution center that offers an unparalleled gateway to the entire East Coast corridor via water, land and air.”
Cushman & Wakefield is marketing the final building, which is part of Bayonne’s former Military Ocean Terminal property. The developer noted that the structure has five acres set aside for parking, with a location that is 800 feet from Global Container Marine Terminal, five miles from Manhattan and nine miles from Newark Liberty International Airport.
Lincoln Logistics Bayonne is also minutes from the New Jersey Turnpike and other highways.