Crow Holdings Development has broken ground on a three-building, 126-acre industrial project in New Jersey, N.Y. The first building of the Crow Holdings at Carteret development is planned to deliver in September of this year, the second by the end of the year, while the third building is slated for completion in the first quarter of 2023. Cushman & Wakefield will serve as the leasing broker for the facility.
The project is slated to include three industrial buildings, totaling 1.2 million-square-foot of speculative development. The three buildings will range between 335,000 and 480,000 square feet, feature 40’ clear heights and include 159 trailer parking spots, 174 dock doors and six drive-in ramps.
Located in Northern New Jersey, just off Exit 12 of the New Jersey Turnpike, the development will be some 9 miles southwest of Newark Airport. The area is one of the country’s most land-constrained markets for industrial development and the development will be within a 1-mile radius of Roca Carteret Showroom & Distribution Center, Amazon’s EWR9, Amazon Fulfillment and other major industrial facilities.
Vice Chairmen Stan Danzig and Jules Nissim, along with Director Kim Bach of Cushman & Wakefield will handle leasing for the space.
Crow Holding has development activity underway in other high-profile markets. In March, a joint venture between the company and Creation Equity broke ground on the 555,790-square-foot Mesquite 635, a Class A industrial development in Mesquite, Texas. This project will be less than 13 miles from downtown Dallas.