620 Division St. in Elizabeth — Courtesy: The Blau & Berg Co.
(Editor’s note: This story was updated Monday, Oct. 14, with additional information from The Blau & Berg Co., which represented the tenant.)
By Joshua Burd
Terreno Realty Corp. has landed a new tenant for a nearly 75,000-square-foot industrial space in Elizabeth, in a deal arranged by The Blau & Berg Co. and JLL.
The user, US Logistics Group Inc. will occupy roughly half of the newly renovated building at 620 Division St. under a commitment that began on Sept. 30 and will expire in January 2028. Blau & Berg represented the tenant in the 74,675-square-foot deal, while JLL represented ownership.
According to a news release, USLG is an international freight forwarder specializing in international and domestic logistics. Its new home is adjacent to Route 1&9, roughly a mile from the New Jersey Turnpike and minutes from Port Newark-Elizabeth.
“The unique requirements of our client’s industry necessitated a precise combination of logistics space and strategic location,” said Jason Crimmins, Blau & Berg’s president. “As a global player in the logistics sector, US Logistics has flourished by strategically positioning itself in key markets. We are delighted to have had the opportunity to represent USLG in this transaction. The property at 620 Division boasts exceptional accessibility, secure parking and updated amenities making it an ideal fit for our client’s operations.”
