Lincoln Equities Group (LEG) recently announced Amazon’s lease of a last-mile delivery center at LEG’s Highland Cross industrial site. The future 360,000-square-foot warehouse will be located in the Meadowlands industrial market in Rutherford, N.J., and is expected to be completed in early 2022.
The site is located at the crossroads of the New Jersey Turnpike (I-95) and Routes 3 and 17. The facility will offer convenient access to New York City, the Port of NY/NJ, and 18 million consumers within a one-hour drive.
“We’re thrilled that Amazon has selected our Rutherford facility for its latest delivery center,” said LEG President Joel Bergstein. “We have been working with Rutherford for 20 years and are excited to see this project come to fruition and create a ratable for the borough. It was this administration that supported the vision for industrial.”
LEG procured $115 million in industrial build-to-suit construction financing for the facility, a Class A industrial site that recently received requisite approvals. The Highland Cross project was designed by Ford & Associates and construction is being undertaken by RC Andersen LLC. Highland Cross will feature cross-docked loading, 70-plus dock high doors, and 80-plus trailer parks.
“We are excited to continue to invest in New Jersey with a new delivery station in Rutherford that will provide efficient delivery for customers and create hundreds of great job opportunities for the talented local workforce,” said Amazon spokesperson Jenna Hilzenrath. “This new delivery station represents Amazon’s unwavering commitment to safety, technological innovations and skilled teams who are obsessed with delivering for our customers.”
LEG was appointed by the New Jersey Meadowlands Commission (NJMC) and the Borough of Rutherford as redeveloper of the 30-acre brownfield site in 1998. LEG worked with the state Department of Environmental Protection (DEP) to develop and implement a five-year Remedial Action Work Plan (RAWP) and successfully completed a wetlands mitigation program.
“Highland Cross is optimally positioned to capitalize on the sustained growth in demand for ‘last-mile’ industrial product proximate to consumers, labor and infrastructure,” said LEG Acquisitions and Development Officer Lance Bergstein. “The lease is a continuation of the success LEG has felt in the industrial space of late, including our Bayonne site – which will be occupied by UPS.”
Lincoln Equities Group LLC (LEG) was established in 1980 and is a full-service real estate company. LEG currently owns, operates, and manages over 2 million square feet of R&D, industrial, and office properties throughout the Tri-State area.