Lincoln Equities Group said Thursday that walls are up and roofing is on at the site of the new 886,000-square-foot UPS regional hub and package distribution center in Bayonne. — Courtesy: LEG
By Joshua Burd
Lincoln Equities Group is on track for a fourth-quarter delivery of the new 886,000-square-foot UPS regional hub and package distribution center in Bayonne, the developer said.
The firm, which is constructing the facility as part of its 152-acre Lincoln Logistics Bayonne campus, announced Thursday that the building’s walls are up and its roofing is on. Completion of the project will mark the latest addition to Bayonne’s Military Ocean Terminal, a sprawling redevelopment site, and a milestone after one of the state’s most widely recognized industrial deals in recent years.
LEG has stayed on to build the UPS facility, which started as a speculative project, after selling the 80.37-acre development parcel last fall. Nearby, the firm is set to begin construction on a 330,000-square-foot warehouse that brokers with Cushman & Wakefield are now marketing for lease.
The new building also has five acres set aside for parking, the firm said, touting it as an attractive option for e-commerce and same-day delivery providers.
“It’s exciting to see our vision for Lincoln Logistics Bayonne coming to life,” said Joel Bergstein, LEG’s president. “This property represents one of the last remaining industrial redevelopment opportunities of scale in the port market, and we have designed two facilities that set the highest standard for modern portside logistics worldwide.”
The UPS project won NAIOP New Jersey’s 2021 Judges’ Transformation Award. When complete, it will anchor a site that offers maritime access to the Hudson River and the Newark Bay via the Kill Van Kull, as well as the Global Container Terminal, the New Jersey Turnpike and other major corridors, while sitting five miles from Manhattan.
Lincoln Equities Group sells Bayonne property set to become 886,000 sq. ft. UPS package hub
