Duke Starting 662K SF Spec Bulk Warehouse in Newark, NJ
The 661,741-square-foot building, to be delivered in Newark before year-end, will provide modern bulk warehouse space with superior proximity, accessibility, flexibility and visibility.
EAST RUTHERFORD, NJ—The New Jersey office of Duke Realty, a domestic-focused logistics property REIT, has begun construction of a 661,741-square-foot, state-of-the-art bulk warehouse at 429 Delancy Street, just off I-95, I-78 and Routes 1 and 9 in Newark. The building, the largest speculative bulk warehouse currently under construction in Northern New Jersey, is slated for delivery in the fourth quarter of 2019.
“Demand for industrial space in northern New Jersey remains high, resulting in rapidly dwindling availability for companies looking for bulk class A facilities in this premier distribution market,” says Ben Rosen, vice president of leasing and development for Duke Realty in New Jersey. “Our new building will offer tenants a truly unique opportunity to lease a modern bulk distribution facility with unparalleled access to New York City, Port Newark/Elizabeth, Newark Airport and New Jersey’s most important arterial highways.”
When complete, Duke Realty’s building will be highly visible from Routes 1 and 9 and from I-95/New Jersey Turnpike. At only 20 minutes from New York City and 10 minutes from the largest port on the East Coast and with immediate access to the New Jersey Turnpike, I-78, Routes 1 and 9 and Newark International Airport, the building is ideal for e-commerce, port and air cargo users.
The state-of-the-art, cross-dock building will incorporate 109 dock doors and four drive-in doors, while features inside the building include 40-foot clear height, 55-foot x 44-foot-6-inch column spacing, 66-foot staging bays and LED motion-controlled lighting. 429 Delancy also has the potential for rail service via Conrail.
Duke Realty’s New Jersey portfolio currently includes 5.7 million square feet of industrial properties.