PGIM Real Estate Advance Realty Investors And Greek Real Estate Partners Lease 233492 SF To Maersk In Linden
200 Linden Logistics Way
Building Size
233,492 SF
Asset Type
Industrial
Closing
Apr 2, 2026
AI
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.
Players
Linden Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93