Lincoln Equities Group to launch spec constructing at Lincoln Logistics Bayonne

Spec development is about to start for a 332,640-square-foot portside distribution facility with 5 acres of parking capability at Lincoln Logistics Bayonne, marking one other milestone for the previous Navy Ocean Terminal web site, based on a Wednesday announcement from developer Lincoln Equities Group, which expects to ship the constructing by year-end.

Cushman & Wakefield serves as unique leasing agent for the constructing.

Representing the most important infill industrial redevelopment within the New York metro space, Lincoln Logistics Bayonne sits on a 153-acre waterfront peninsula within the coronary heart of the Port of New York and New Jersey. Already, the property has attracted transport large UPS, for which an 886,256-square-foot, build-to-suit distribution hub is beneath improvement.

“We designed Lincoln Logistics Bayonne to set the best normal for contemporary portside logistics worldwide,” mentioned Lincoln Equities Group’s Joel Bergstein, president. “As the latest and most revolutionary last-mile warehouse and distribution heart within the area, it provides an unparalleled gateway to the complete East Coast hall by way of water, land and air.”

Lincoln Logistics Bayonne is the closest-in improvement web site to World Container Marine Terminal, which is positioned simply 800 toes away with direct entry by way of a non-public roadway. Simply 5 miles from Manhattan and 9 miles from Newark Liberty Worldwide Airport, the positioning gives sturdy roadway ingress/egress by way of the New Jersey Turnpike (new Exit 14A interchange), Interstate 78 and Route 440.

“That is the fitting time to make a transfer,” mentioned Cushman & Wakefield’s Jules Nissim, who’s heading the leasing crew with Stan Danzig and Stephen Elman. “The port market is red-hot, with an industrial emptiness fee beneath 2%. Lincoln Equities Group is likely one of the most well-established and revered builders in its sector, and the agency has designed a extremely seen, state-of-the-art facility ideally suited to e-commerce and same-day supply suppliers.”

Nissim added that the chance gives each speed-to-market and — for a restricted time — the possibility for a future tenant to affect components of the ultimate product.

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