CenterPoint Properties is breaking ground soon on another New Jersey development designed with the needs of the world’s leading logistics, e-commerce and retail companies in mind.
CenterPoint at Linden will be a state-of-the-art Class A facility with premier access to I-95 and the Port, according to Ronel Borner, CenterPoint’s senior vice president of development for the East Region.
“This site is really outstanding, just four miles from two I-95 interchanges for highly efficient access to Port Newark-Elizabeth, NYC, and a dense consumer base in nearby New Jersey communities,” Borner said. “It will prove appealing to last-mile and even regional distributors that want to tap into the 22 million consumers within a two-hour drive of Linden and more than double that number within a five-hour drive,” Borner added.
In June, CenterPoint cut the ribbon on its development at 49 Rutherford in Newark, which Costco has since occupied after pre-leasing it earlier this year. Borner says he expects tenant demand for CenterPoint at Linden to be substantial given the lack of Class A facilities in the area, particularly in the 200 to 400-thousand-square-foot range.
“CenterPoint at Linden is designed for high throughput operations, and the opportunity to deliver a new class A product in this location is very exciting,” he continued.
The development’s 321,875-square-foot warehouse will have a 40-foot clear height with ESFR sprinklers and 52 loading doors with room for more. Its parking capability may prove to be its most critical feature to distributors. The site plan will allow parking for 103 trailers and 250 cars, with the option to convert loading positions to accommodate even more parking.
“This new development has been carefully conceptualized to give its user distinct competitive advantages,” Borner finished.
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