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200 Linden Logistics Way

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

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:

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

Larry Schiffenhaus

CBRE

Broker

$83M

vol

13 deals

Broker
Greek Real Estate Partners
Greek Real Estate PartnersLandlord
Peter Cocoziello

Peter Cocoziello

Advance Realty Investors

Landlord

$395.5M

vol

5 deals

Landlord
Vincent Clerc

Vincent Clerc

Maersk

Tenant

3 deals

Tenant

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