Vertical Construction to Begin on Massive NJ Logistics Center Project in 2020
The logistics center has site plan approval for up to four buildings between 150,000 square feet and 477,000 square feet, or a single 1.1-million-square-foot site.
BAYONNE, NJ—During a boat tour of the project site, officials with Lincoln Equities Group stated that vertical construction on its 1.4-million-square-foot Lincoln Logistics Bayonne will begin next year.
The East Rutherford, NJ-based real estate firm hosted more than 100 brokers aboard the Cornucopia Destiny on Wednesday. LEG president Joel Bergstein announced that vertical construction at the future logistics hub—the site of the former Military Ocean Terminal at Bayonne—will begin in 2020. The massive site has received hundreds of thousands of tons of fill-dirt hauled via barge and truck.
The logistics center has site plan approval for up to four buildings between 150,000 square feet and 477,000 square feet, or a single 1.1-million-square-foot site. The buildings will feature 40-foot ceilings, trucking lanes and employee parking. The redevelopment is expected to create 2,700 jobs.
“This development is a perfect example of the City of Bayonne, the Port Authority of New York and New Jersey and private business pulling together to get the project done,” Bergstein said. “We’re just seven miles from Newark and eight miles from the Holland Tunnel. We’re essentially the ‘sixth borough,’ and this will be a prime distribution point for the city.”
No development cost for the project was released.
In attendance for the announcement were Bayonne Mayor James Davis and City Council members Sharon Ashe-Nadrowski, Neil Carroll III, Salvatore Gullace, Gary La Pelusa, Sr. and Juan M. Perez, along with Global Container Terminals president John Atkins. Also in attendance were representatives from Cushman & Wakefield, which is marketing the site to warehousing and logistics companies.
The site contains nearly 63 acres of riparian water rights, offers immediate maritime access to the Hudson River and the Newark Bay (via the Kill Van Kull), as well as direct access to the New Jersey Turnpike, Interstate 78, Route 440, Routes 1 and 9 and the GCT (just 800 feet across the channel).
GCT’s Atkins stated that with usage of the marine terminal road, products can be moved from the port facility to the new warehouse location without concern of weight restrictions. Goods can be swiftly transferred to the warehouse to be broken down, he added.
The site features a 1,700-foot wharf. Parcels for the logistics center are currently available for sale or lease.
LEG acquired the property in June 2018 and oversaw demolition of 70-year-old industrial structures and concrete foundations. To comply with post-Hurricane Sandy standards, the elevation of the site is being raised six feet.
The facility will sit on a man-made peninsula once used by the U.S. Navy as a repair base during World War II. It was obtained by the U.S. Army in 1967 but shuttered in 1999 amid a wave of deindustrialization.