A joint venture of Advance Realty Investors, Greek Development and PGIM Real Estate has broken ground on Linden Logistics Center, a 4.1-million-square-foot logistics park in Linden, NJ. The JV has retained CBRE EVPs Mindy Lissner and William Waxman, supported by a 10-member CBRE team, to lead leasing efforts.
The redevelopment on a formerly vacant 350-acre tract of land in Linden that the partnership acquired in 2018 will include eight Class A warehouse buildings. Delivery of the multi-phase project will begin in late 2020.
“Thanks to its unprecedented combination of access to a skilled workforce, vast network of highways, rail lines, air freight capabilities and one of the most active deep-sea ports in the country, this facility is a perfect home for companies searching for efficient access to New York, Philadelphia and various other major metropolitan markets,” said Lissner.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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