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.