368,000-SF Spec Industrial Building Under Way

CARLSTADT, NJ-Whitehall Industrial Properties has started construction of a 368,112-sf warehouse/distribution facility on an 18.24-acre site at 350 Starke Rd. here. Expected to be completed by the third quarter of 2002, the sprawling facility is being developed on a spec basis, according to Whitehall SVP Mark McConnell.

“This development represents the only spec industrial project under construction in the Meadowlands marketplace, where the industrial vacancy is less than 4%,” says McConnell. “We are already 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 building will feature 32-foot clear ceiling heights, up to 62 loading docks, truck courts of 145 feet and parking for more than 400 cars. It will also have nearly 67,000 sf of mezzanine/office space. The site is near several major routes, including the NJ Turnpike and I-80.

Whitehall Industrial Properties, based in Edison, NJ, was founded by its president, Michael Nachamkin, and the Whitehall Street Limited Partnership of Goldman Sachs. The firm currently owns 636,000 sf of space in the Meadowlands marketplace.