Weida Freight System Leases Industrial Space At Crow Holdings' Carteret Campus

The recently closed lease transaction involves an industrial property located at 400 Salt Meadow Road in Carteret, New Jersey. The property spans 188,000 square feet, making it an ideal space for various industrial purposes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: N/A
• Address: 400 Salt Meadow Road, Carteret, New Jersey
• Market: Carteret
• Landlord: Crow Holdings - Michael Levy
• Tenant: Weida Freight System - Victor Wei

Weida Freight System (WFS) has chosen this location as their new facility at Crow Holdings' Carteret campus. WFS, a third-party logistics provider, was drawn to this property due to its proximity to the New Jersey Turnpike and the well-designed structure. This lease agreement marks WFS's second warehouse in New Jersey and their eighth warehouse in the country.

In this deal, Crow Holdings was represented by Jules Nissim, Stan Danzig, and Kimberly Bach from Cushman & Wakefield, acting as the landlord's representatives. On the other hand, Jimo Liu from Avison Young represented Weida Freight System as their tenant's representative.