The asset involved in this transaction is an industrial property located at 200 Linden Logistics Way in Linden, New Jersey. The facility encompasses a total area of 165,000 square feet. The market for this property is identified as Linden, which indicates the location's relevance in the industrial sector.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 200 Linden Logistics Way
• Market: Linden
• Square Footage: 165,000
• Landlord: Peter Cocoziello - Advance Realty Investors; Frank Greek - Greek Development
• Tenant: SpeedX
• Landlord's Representative: Thomas Monahan & Larry Schiffenhaus - CBRE
• Tenant's Representative: Jordan Metz & Benito Abbate - Bussel Realty

The deal involves SpeedX leasing the industrial space as part of a strategic $1B logistics expansion aimed at supporting small and mid-sized businesses engaged in international shipping. This transaction contributes to the occupancy rate of the 4.1M-square-foot Linden Logistics Center, which now stands at 82%, highlighting the sustained demand for Class-A industrial space in Northern New Jersey.