New York & Tri-State + New Jersey + Industrial | June 7, 2021

Amazon Signs on for 360K SF of BTS Space in Rutherford

Amazon will occupy Lincoln Equities Group’s (LEG) future 360,000-square-foot industrial warehouse in Rutherford, NJ, Highland Cross. LEG procured $115 million in industrial build-to-suit construction financing for the facility, slated for completion in early 2022.

LEG was represented internally in leasing negotiations. Amazon was represented by KBC Advisors’ Jason Goldman.

“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 was appointed by the New Jersey Meadowlands Commission and the Borough of Rutherford as redeveloper of this 30-acre brownfield site in 1998. Working with the state Department of Environmental Protection, LEG implemented a five-year Remedial Action Work Plan and completed a wetlands mitigation program.

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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 13-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 15-20 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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