The property involved in this transaction is an industrial asset located at 200 Linden Logistics Way in the Linden market, encompassing a total square footage of 233,492. This facility is part of the larger 515,600-square-foot Linden Logistics Center and will function as Maersk’s U.S. ground freight hub, which includes a specified 6,000-square-foot build-to-suit office space.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 200 Linden Logistics Way
• Market: Linden
• Square Footage: 233,492
• Landlord: Cathy Marcus - PGIM Real Estate, Peter Cocoziello - Advance Realty Investors, Frank Greek & Alex Motiuk - Greek Real Estate Partners
• Tenant: Vincent Clerc - Maersk
• Landlord's Representative: Thomas Monahan & Larry Schiffenhaus - CBRE
• Tenant's Representative: Jon Gorczyca & Gary Politi - JLL

PGIM Real Estate, Advance Realty Investors, and Greek Real Estate Partners successfully secured Maersk as a tenant for the specified lease. CBRE represented the landlords in this transaction, while JLL handled representation for Maersk. The industrial center is now reported to be 91% leased.