NORTH BERGEN, N.J., August 1, 2018 - Cushman & Wakefield has been named leasing agent for a prime industrial location in North Bergen, N.J. On behalf of long-time client and property owner Bergen Logistics, Director Bonni Heller from Cushman & Wakefield's East Rutherford office is leading the assignment to market 7300 West Side Ave., also known as the Bergen Logistics Building.
The Bergen Logistics Building represents a rare opportunity because of the scarcity of high-quality, industrial inventory in the 100,000-to-200,000-square-foot range in the Meadowlands area, Heller noted. "This facility is efficient, utilitarian, and very well suited for an apparel or other consumer product or other distribution organization. It has a complete garment racking system fully equipped for GOH (garment on hangers), which can be removed at a tenant's request, and also features pallet racking."
Located near exit 16E of the New Jersey Turnpike, the 3.5-acre property offers easy access to New York City and major highways, including the New Jersey Turnpike and Route 3; bus transportation; the Secaucus Light Rail station; and amenities that include restaurants, banking, hotels and shopping. The fully air-conditioned, 130,000-square-foot facility features two-sided loading, 24-foot ceiling height with 19 dock-high doors, ample trailer parking, and space for 120 cars with expansion capability. The facility includes 21,000 square feet of office space; and a 30,000-square-foot structural mezzanine and 9,000 square feet of additional storage space.
"This opportunity arose because Bergen Logistics, a full-service logistics and order fulfillment company, decided to consolidate operations at its 404,000-square-foot, fully automated distribution center at 299 Thomas E. Dunn Memorial Highway in Rutherford," said Heller. "Earlier this year, Cushman & Wakefield negotiated a long-term lease on behalf of the company for the Rutherford property, which represented one of the largest industrial deals in years in the Meadowlands."
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Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, advisory and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Evelyn Weiss Francisco