Goodman Industrial Center Carlstadt II at 333 Washington Ave. in Carlstadt — Courtesy: Goodman North America
By Joshua Burd
Goodman North America has completed a new 100,000-square-foot warehouse development in the heart of the Meadowlands, marking a new addition to its northern New Jersey portfolio.
The firm, which is based in Irvine, California, announced the milestone last week as it continues to market the Carlstadt property alongside brokers with Cushman & Wakefield. It noted that the facility at 333 Washington Ave. is within six miles of Manhattan and a short drive from the region’s port district, with features that include 40-foot clear ceiling heights and a 130-foot truck loading depth.
The new Goodman Industrial Center Carlstadt II has brought new life to a site that previously housed an aging 40,000-square-foot building. March Associates Construction was the project’s construction manager.
“The recent interest rate cut has ignited increased activity across the market, and with consumer demand rapidly intensifying, along with recent resolution of the port strikes, speed to market has never been more critical,” said Anthony Rozic, CEO of Goodman North America. “Our Carlstadt location is strategically positioned to meet this demand, providing our customers with an exceptional logistics center for fast delivery to the tristate market and beyond. We’re ready to help our customers capitalize on this momentum and support them in being a step ahead in meeting consumer expectations.”
The developer noted that more than 75 percent of the surrounding industrial buildings date to the 1960s and 1970s, when ceiling heights were 18 to 24 feet with limited loading capabilities. That stands in contrast to the new facility, which has 13 dock doors and was built to achieve silver designation on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale, seeking to meet expanding customer sustainability requirements.
“Customers in the North Jersey market are attracted to the newer Class A product such as Carlstadt II being offered by Goodman,” said the listing broker, Jeff Volpi, a director of supply chain and logistics with Cushman & Wakefield. “This is evidenced by the increase in rents we have seen over the last year for this type of premium product, despite the vacancy rates across North Jersey. With its prime location and sustainability features, Goodman’s Carlstadt II is already generating significant enquiry.”
Goodman launches leasing for planned 100,000 sq. ft. industrial building in Carlstadt
