NY Moving Company Leases Nearly 18K in Linden
“Tenants occupying this market are typically looking for facilities with good functionality in a strategic location, proximate to the major transportation arteries, the ports, Newark Liberty International Airport, and New York City. 1416 East Linden checks all the boxes…,” says Bussel Realty SVP Jordan Metz.
LINDEN, NJ—Jordan East River, a moving and storage company headquartered in the Bronx, NY, has leased 17,509 square feet of space at 1416 East Linden Ave. here. The deal brings the 84,600-square-foot industrial property to 100% occupancy.
The transaction was reported by Bussel Realty Corp. The Edison, NJ-based industrial brokerage firm’s SVP Jordan Metz represented the landlord, Palacci Group. CBRE represented Jordan East River, a moving and storage company in the NY metro region.
“I have handled the leasing at 1416 East Linden Avenue for over 10 years and, as a sign of the times, received more interest in the space than ever before,” Metz says. “Tenants occupying this market are typically looking for facilities with good functionality in a strategic location, proximate to the major transportation arteries, the ports, Newark Liberty International Airport, and New York City. 1416 East Linden checks all the boxes…”
Metz adds that the New Jersey ports submarket is very tight at the moment, with total vacancy rates hovering below 1.5%.
On its company website, Jordan East River lists its headquarters location at 728 E 136th St. in the Bronx and two locations in Manhattan—20 East 46th St. and 1955 1st Ave. The company also has a warehouse location at 163 East Union Ave. in East Rutherford, NJ.
1416 East Linden Ave. is located near Newark Liberty Airport and Ports Newark/Elizabeth as well as the Holland Tunnel. The property, which sits on 2.75 acres, features 16-foot ceiling heights, four loading docks and one oversized drive-in door, wet sprinklers and 400 amps of electric.
Last month, in a transaction brokered by Bussel Realty Corp., Art Scroll 313 Regina Avenue LLC acquired 313 Regina Ave., the former Regina Vacuum Building in Rahway, NJ, a 256,000-square-foot industrial facility, for $19.75 million.