Exclusive: Link Logistics Sells New Jersey Asset
The company is continuing the streak of dispositions it started last year.
Image courtesy of Yardi Matrix
Link Logistics has sold a 130,000-square-foot industrial facility in North Bergen, N.J., according to Yardi Matrix information. Dynamic Worldwide acquired the asset for $36 million, with the help of a $25 million loan from Citizens Financial Group.
The asset previously traded in 2019 for $22 million, or $169 per square foot. In 2024, the property became subject to a $860 million CMBS loan encumbering 44 Link Logistics holdings across the U.S., due to mature this year.
The current sale is part of Link Logistics’ strategy of refining its national portfolio, a strategy that was put into motion in 2025. Recent dispositions involved an industrial facility in Orange County and a fully leased campus in Van Nuys, Calif., transactions that closed this March. A few months prior, the firm had sold an industrial collection in metro Los Angeles for $109 million and another one in metro Philadelphia for $120.7 million.
A metro NYC facility
The 1967-completed property occupies a 4-acre site at 7300 West Side Ave. In December 2020, High May Inc. leased 110,000 square feet at the facility for e-commerce warehousing and logistics purposes, Real Estate NJ wrote at the time.
The location is close to several major thoroughfares, including U.S. Route 9, Interstate 95 and state routes 3 and 495. Additionally, the Class B property is equidistant between Midtown Manhattan and Teterboro Airport.
This year’s industrial real estate trends in New York City metro point to strong demand for functional Class B and C properties, among others. Those assets were in high demand during the first quarter, with average vacancy rates of just 2.9 percent, according to a JLL report. By comparison, overall vacancy across the market clocked in at 6.4 percent.
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