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New York & Tri-State  + New Jersey  + Industrial  |  July 23, 2020
Paul Bubny
By: Paul Bubny

Meridian Brings Carlstadt Warehouse to Market

Meridian Investment Sales has listed an industrial warehouse configured as an 87-door cross dock freight terminal in Carlstadt, NJ. Senior executive managing director David Schechtman, managing directors Lipa Lieberman and Abie Kassin, and VP David Benharouch, are representing the seller.
 
Located at 130 Moonachie Ave., the warehouse is situated on more than 7.7 acres. The building is fully occupied at rents substantially below market.

The property is in the Meadowlands district, which restricts the development of competing facilities. Given that new truck terminals are no longer permitted while demand continues to surge, Meridian says buildings of this nature are able to command a significant rental premium.
 
Situated a few miles west of Manhattan, the Meadowlands district has established itself as one of the country’s preeminent last-mile distribution centers. The area has also become a choice destination for data centers looking to establish a strong presence near New York City. 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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