Crow Holdings Development Leases 146000 Square Feet To YunExpress In Carteret Industrial Park

The property asset involved in this transaction is located at 400 Salt Meadow Road within the Carteret industrial market. It is an industrial asset with a total square footage of 146,000 and is part of a larger 1.2 million-square-foot industrial park. The property benefits from its proximity to major transit hubs and offers long-term tax stability.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 400 Salt Meadow Road
• Market: Carteret
• Landlord: Ken Valach - Crow Holdings Development
• Tenant: Jack Peng - YunExpress
• Landlord's Representative: Jules Nissim, Kimberly Bach & Stan Danzig - Cushman & Wakefield
• Tenant's Representative: Chris Marx Jr., Chris O’Connor, Peter Starr, Taylor DeRisi, Christopher Marx & Steve Card - Savills

Crow Holdings Development executed a lease agreement with YunExpress for 146,000 square feet within the industrial park. YunExpress, a logistics provider based in China, is a recent addition to the campus which already houses Weida Freight System and DSV Global Transport, enhancing the logistical capabilities of the site.