PGIM Real Estate Advance Realty Investors And Greek Real Estate Partners Lease 233492 SF To Maersk In Linden

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.