"This development represents the only spec industrial projectunder construction in the Meadowlands marketplace, where theindustrial vacancy is less than 4%," says McConnell. "We arealready receiving interest from prospective tenants."

The facility is being marketed for either full-building users,or divisible for 100,000 sf tenants. The pre-cast panel buildingwill feature 32-foot clear ceiling heights, up to 62 loading docks,truck courts of 145 feet and parking for more than 400 cars. Itwill also have nearly 67,000 sf of mezzanine/office space. The siteis near several major routes, including the NJ Turnpike andI-80.

Whitehall Industrial Properties, based in Edison, NJ, wasfounded by its president, Michael Nachamkin, and the WhitehallStreet Limited Partnership of Goldman Sachs. The firm currentlyowns 636,000 sf of space in the Meadowlands marketplace.