CBRE, a commercial real estate services and investment firm, recently announced the signing of the first major lease at the new Linden Logistics Center. This follows the completion of the property’s first two buildings, which consist of Building E (480,844 square feet) and Building G (840,203 square feet).
World Distribution Services has leased Building E at 500 Linden Logistics Way. The company provides warehouse logistics solutions with a focus on retail distribution, transloading, and international and domestic warehouse storage.
The Linden Logistics Center encompasses more than 1.3 million square feet of industrial space. Developed by Advance Realty Investors, Greek Development, and PGIM Real Estate, the Class A warehouse development is located along the NJ Turnpike/I-95.
The completion of Building E and Building G mark the end of Phase 1 of construction. Phase 2 has now commenced with full infrastructure build-out for the 350-acre property underway.
The veteran CBRE team of Mindy Lissner, William Waxman, and Kevin Dudley coordinate the leasing campaign at Linden Logistics Center and represented the ownership in the lease negotiations. CBRE’s Jon Casella and David Gheriani acted on behalf of World Distribution Services.
“The quality of Linden Logistic Center speaks for itself and was the key reason for World Distribution Services’ decision to be the first major tenant at the complex,” said Lissner. “This deal also demonstrates the dominance of New Jersey’s industrial market where Class A logistics space is in short supply. As a result, a distribution facility like Linden won’t stay on the market for very long. We look forward to completing additional deals for the remaining space at the complex.”
The Linden Logistics Center provides easy access to Newark Liberty International Airport, and the Port Newark-Elizabeth Marine Terminal, one of the largest and busiest container terminals on the East Coast.