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Global Interactive Logistics Signs Warehouse Lease in Meadowlands New Jersey
Global Interactive Logistics (GIL) has signed a 115,000 square feet long-term lease for a multi-tenant industrial warehouse facility in Secaucus, NJ, from Prologis. Located at 1000 New County Road, the lease will allow GIL to relocate and expand its operations from 123 Pennsylvania Avenue in Kearny, NJ. Built in 1968, the asset sits on 25.5 acres in the Meadowlands submarket and spans 525,224 square feet.
CBRE represented both sides in the lease negotiations, with Larry Schiffenhaus and Tom Monahan representing the owner. GIL was represented by Conor Dolan, Jeff Babikian, Nick Klacik, and Kevin Dudley.
“GIL’s commitment to space in Secaucus speaks to the continued strength of the industrial market, despite some economic headwinds,” said Dolan. “Our client required additional space to meet its growing third-party warehouse and distribution operations and 1000 New County Road ideally met all of these requirements.”
- ◦Lease
