June 24, 2019
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.
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