SpeedX Leases 165000 Square Feet At 200 Linden Logistics Way With Landlords Advance Realty Investors And Greek Development

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.