Goodman Birtcher Receives Approval for a $350M Logistics Center in Linden

On Jun 26, 2014

Goodman Group (Goodman or Group), Australia’s largest listed industrial property group, with a global network spanning 33 cities and $24.5 billion of assets under management, today announces that its wholly owned North American subsidiary, Goodman Birtcher has received entitlement approvals for the development of a proposed $350 million logistics center in Linden. The proposed project is part of the recently announced $1.4 billion development pipeline in the key US logistics markets of California, Pennsylvania and New Jersey, which provides the ability to develop 15 million s.f. of new class A logistics space.

The City of Linden’s entitlement approval is an important milestone towards Goodman Birtcher’s proposed redevelopment of a prime 143 acre site in Linden, into a major logistics center.  The proposed development will offer a combined total of over 2.8 million square feet of logistics space across five high grade distribution warehouses, which are to be delivered in three phases.

The proposed logistics center, to be named Goodman Logistics Center Linden, will be strategically located in close proximity to major road, air and sea infrastructure, including direct access to the New Jersey Turnpike and just seven miles to Newark International Airport and the Port of Newark. The land was sourced through Doug Bansbach, Larry Casey and Andrew Houston of Cassidy Turley.

Brandon Birtcher, CEO of Goodman Birtcher said, “We are very pleased to announce the City of Linden’s entitlement approval for this significant redevelopment project in New Jersey, which will be our first in the Northeast. It builds further momentum in the rollout of our $1.4 billion development program, targeting logistics locations across the US at the right time to take advantage of the recovery in US investment demand drivers and the limited supply of class A big box warehouse space.”

“Goodman Birtcher acknowledges the invaluable support and positive engagement by Mayor Richard Gerbounka of City of Linden and all the city council members associated with the approval process. We value the collaborative and productive relationship that has been established, which has resulted in a quick and decisive planning outcome and we look forward to working closely with the City as we progress with our vision for Goodman Logistics Center Linden,” said Mr. Birtcher.

Mayor Gerbounka said: “I’ve been working with Goodman Birtcher for more than 12 months and am very pleased that such a high quality developer intends to undertake the redevelopment of this site in Linden. This redevelopment project will not only serve as an economic benefit  to Linden and Union County, but Goodman Birtcher has also proven to be a corporate partner that will work closely with my administration to improve our residents’ quality of life. I am glad to be working with Goodman Birtcher and look forward to continuing the positive relationship we’ve established.”

Goodman Birtcher has additional development projects in the Northeast market, which are currently at different stages of the development process and are capable of providing a total of 4.7 million s.f. of new class A logistics space.

Related Articles: