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Crow Holdings at Carteret is a three-building industrial campus. Picture courtesy of Crow Holdings Growth
Crow Holdings Growth has secured a 188,000-square-foot long-term lease at its just lately accomplished Crow Holdings at Carteret industrial campus in Carteret, N.J. Hong Kong-based Weida Freight System Inc. would be the first tenant on the 1.2 million-square-foot campus.
Cushman & Wakefield is main leasing efforts on the campus and has negotiated on behalf of the owner. Avison Younger represented the tenant. The deal marks Weida Freight System’s second warehouse in New Jersey and its eighth within the U.S.
Crow Holdings at Carteret is a three-building industrial park composed of:
The 479,000-square-foot Constructing A at 500 Salt Meadow Street, that features two drive-in doorways, 76 dock doorways, 255 car parking spots and 70 trailer parking spots.
The 334,620-square-foot Constructing B at 400 Salt Meadow Street, that options 20 dock doorways, one drive-in door, 156 car parking spots and 14 trailer parking spots.
The 355,100-square-foot Constructing C at 300 Salt Meadow Street, geared up with two drive-in doorways, 50 dock doorways, 164 car parking spots and 35 trailer parking spots.
READ ALSO: Prime Markets for Industrial Deliveries in H1 2023
All three buildings additionally embrace 40-foot clear heights, pre-built workplaces, 66-foot pace bays every and an extra parking house with 161 trailer parking spots. Crow Holdings at Carteret is a 70-acre property, near Interstate 95 and eight miles from Newark Liberty Worldwide Airport, 13 miles from Port Newark-Elizabeth Marine Terminal and inside 29 miles of George Washington Bridge.
Weida Freight System Inc. will probably be positioned at Constructing B, the place 146,355 sq. toes of house stay obtainable for lease, together with the extra two buildings which are prepared for occupancy. Cushman & Wakefield’s staff of Vice Chairmen Jules Nissim and Stan Danzig, along with Senior Director Kimberly Bach represented Crow Holdings Growth. Avison Younger’s Senior Vice President Jimo Liu labored on behalf of the tenant.
Offers & developments
Earlier this month, ReadySpaces signed a full-building lease in Mount Vernon, N.Y. The warehouse storage supplier will occupy a 110,300-square-foot industrial constructing owned by Simone Growth Cos. In the meantime, the identical proprietor bought a vacant property in New York Metropolis’s Bronx borough. The previous retail website will probably be transformed right into a 186,298-square-foot logistics heart, a brand new facility that will probably be adjoining to Simone Growth Cos.’ current 1.4 million-square-foot Hutchinson Metro Heart. Cushman & Wakefield has been tapped because the mission’s unique leasing agent.
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