CenterPoint Repositions 2 Northern NJ Industrial Facilities Near Port

On Apr 29, 2024

On the heels of completing construction and leasing a Class A distribution facility near Port Newark-Elizabeth, CenterPoint’s East Region Team is repositioning two more Northern New Jersey port-proximate logistics properties available for lease.

“These are extraordinarily well-located assets that offer outstanding access to port operations and critical roadways,” said David Nenner, CenterPoint’s senior vice president of asset management for the East Region.

The 238,791-square-foot warehouse at 30-100 Pulaski St. in Bayonne was among the first acquisitions the Chicago-based industrial firm made when it expanded to the New Jersey market over a decade ago. Since then, the firm has assembled a regional portfolio of 42 assets comprising 8 million square feet of industrial space, concentrated in the top infill submarkets ringing the region’s port terminals.

“Pulaski Street is a solid distribution facility located minutes from the Global Terminal and Lower Manhattan through the Holland Tunnel,” Nenner said. “The location is appealing to both New Jersey users and those coming out of the New York City boroughs looking for a New Jersey footprint.”

Cushman and Wakefield’s Bill Waxman, Jeff Volpi, and Morgan Nitti represent CenterPoint in leasing the 180,000 square feet of space available at the Pulaski St. property.

The other property CenterPoint is repositioning is at 896 Frelinghuysen Ave. in Newark. Cushman & Wakefield’s Larry Casey and Robin Ritter-Ceriello represent CenterPoint to lease the 82,360-square-foot building. The 5-acre property offers users a strategic location minutes from Newark Airport, among other high-value features, including a fenced and secured yard.

“896 Frelinghuysen definitely stands out in this area thanks to its combination of easy access to the port and Newark Airport along with a high door count and plenty of parking,” Nenner said.

Disclaimer: Sponsored content articles do not reflect the opinions of New Jersey Business Magazine or the New Jersey Business & Industry Association.

Related Articles: