By Joshua Burd
The site of a Lyndhurst office complex is slated for redevelopment as a new 110,000-square-foot industrial building, following a recent transaction by Newmark Knight Frank.
Brokers with the firm represented 1200 Wall Holdings LLC in its sale of 1200 Wall Street West, a 186,846-square-foot complex off Route 3. Link Industrial Properties, a platform operated by Blackstone, purchased the eight-acre site for an undisclosed price.
Brian Schulz, Kevin Welsh, and Jason Emrani of NKF’s tristate capital markets team completed the assignment, working alongside Dan Reider from of the firm’s leasing team. Link Industrial now plans to develop a “last touch” warehouse and distribution center.
“The extreme infill nature of the Meadowlands and unmatched demand for modern generation space is demonstrated by the continued redevelopment of alternative uses to industrial,” said Schulz, a managing director with NKF. “This transaction provides Link the opportunity to further expand their industrial portfolio in the Meadowlands.”
