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New York & Tri-State  + New Jersey  + Industrial  |  December 18, 2019
Paul Bubny
By: Paul Bubny

LG Electronics Takes 925K SF at Crow Holdings’ NJ Project

Crow Holdings Industrial  signed a seven-year, full-building lease with LG Electronics USA at Crow Holdings at Veronica Ave., the 925,000-square-foot industrial development in Franklin Township, NJ that it owns in partnership with funds affiliated with the Carlyle Group. LG will begin occupancy at the under-construction, state-of-the-art warehouse property in the first quarter of 2020.

For Crow Holdings Industrial, the lease announcement affirms the company’s Northeast expansion strategy. After beginning New Jersey operations in mid-2018 by hiring industry veteran Clark Machemer, the company acquired the Veronica Avenue property with Carlyle in Q1 2019 from Efrem Gerszberg of 2020 Acquisitions, and put shovel to ground on the speculative development in Q2.

Crow Holdings Industrial was represented by Cushman & Wakefield’s Stan Danzig and Kimberly Bach. LG was represented by Cushman & Wakefield’s James Frank and Jules J. Nissim.

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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