An industrial property spanning 427,155 square feet has been leased at 134 Van Keuren Avenue in Jersey City's HRP Hudson Logistics Park. The property, developed by Hilco Redevelopment Partners, will be occupied by CVS. The strategic location positions CVS near major transportation hubs like Port Newark-Elizabeth and Newark Liberty International Airport, allowing for an optimized supply chain in the Northeast.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 134 Van Keuren Avenue, Jersey City
• Market: Jersey City
• Landlord: Roberto Perez - Hilco Redevelopment Partners
• Tenant: Karen S. Lynch - CVS
• Brokers: Chris Hile, David Knee, Doug Rodenstein, & Ryan Milanaik - JLL

CVS has secured a lease for the industrial space with a size of 427,155 square feet at 134 Van Keuren Ave. The space, expected to be fully operational by mid-2024, will serve as an important asset for CVS as it aims to optimize its supply chain in the Northeast. The strategic location near Port Newark-Elizabeth and Newark Liberty International Airport provides convenient access to major transportation hubs.