DSV Global Signs Huge Industrial Lease at Crow Holdings at Carteret

On Aug 6, 2024

The world’s third-largest transport and logistics company has signed a full-building, 355,000-square-foot commitment at Crow Holdings at Carteret. DSV Global Transport and Logistics leased 300 Salt Meadow Road, becoming the second occupant at Crow Holdings Development’s new, 1.2 million-square-foot industrial campus just off NJ Turnpike Exit 12.

Cushman & Wakefield negotiated the transaction as exclusive leasing agents for Crow Holdings at Carteret. The company also served as tenant representative.

Headquartered in Denmark with more than 1,600 offices and logistics facilities worldwide, DSV will serve a household-name client from its Carteret location. Plans call for the expansion of the building’s existing office space and specialized fit-outs, including 100,000 square feet of cooler capacity.

“We are thrilled with the selection of this new facility in Carteret,” said DSV’s Josh Summers, president, Solutions North America. “This more than doubles our footprint in the region and allows us to draw on our already extensive capabilities there. Crow Holdings Development’s property is the ideal selection and one we believe demonstrates our commitment to our customers’ growth.”

According to Crow Holdings Development’s Clark Machemer, DSV’s selection of Crow Holdings at Carteret provides clear justification for the project. “We are honored to have this global transport leader,” he said. “DSV has been active in the market – they left no stone unturned in their site-selection process. This is a strong testament to our campus and to the Borough of Carteret’s success in fostering a pro-business environment.”

With the DSV lease, Crow Holdings at Carteret is approaching the 50% occupancy mark, with continued active interest. Cushman & Wakefield is marketing one remaining full-building opportunity of 479,700 square feet, as well as a 146,400-square-foot, partial-building space.

According to Cushman & Wakefield’s Jules Nissim, the property’s Greater Port Market location, ease of access and move-in readiness are driving high-profile tenants to Crow Holdings at Carteret. “Long-term efficiency and speed to occupancy were priorities for DSV, and this campus easily meets those requirements,” he said. “Add to that a top-notch development team, and this truly is a stand-out option within the marketplace.”

Crow Holdings at Carteret sits on 126 acres just 13 miles from the Port Newark-Elizabeth Marine Terminal, offering convenience to sea and air transit, major thoroughfares as well as key NYC crossings.

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