{"id":1004764553,"date":"2025-07-10T04:05:45","date_gmt":"2025-07-10T12:05:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004764553"},"modified":"2025-07-10T04:05:46","modified_gmt":"2025-07-10T12:05:46","slug":"crow-holdings-lands-full-building-lease-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crow-holdings-lands-full-building-lease-in-new-jersey\/","title":{"rendered":"Crow Holdings Lands Full-Building Lease in New Jersey"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/500-Salt-Meadow-Road.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004764565\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-lands-full-building-lease-in-new-jersey\/500-salt-meadow-road\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/500-Salt-Meadow-Road.jpg\" data-orig-size=\"1067,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"500 Salt Meadow Road\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/500-Salt-Meadow-Road.jpg?w=1024\" height=\"576\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/500-Salt-Meadow-Road.jpg?w=1024\" alt=\"Industrial building 500 Salt Meadow Road in Carteret, N.J.\" class=\"wp-image-1004764565\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/500-Salt-Meadow-Road.jpg 1067w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/500-Salt-Meadow-Road.jpg?resize=300,169 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/500-Salt-Meadow-Road.jpg?resize=768,432 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/500-Salt-Meadow-Road.jpg?resize=1024,576 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">BroadRange Logistics\u2019 long-term commitment at 500 Salt Meadow Road brings the Crow Holdings at Carteret industrial campus to full occupancy. <em>Image courtesy of Crow Holdings<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>National flexible warehousing and third-party logistics provider BroadRange Logistics has signed a full-building, 480,000-square-foot lease at Crow Holdings at Carteret, in Carteret, N.J. The tenant\u2019s long-term commitment at 500 Salt Meadow Road brings the 1.2 million-square-foot industrial campus to full occupancy.<\/p>\n\n\n\n<p>The three-building Class A warehouse\/distribution park is on a 126-acre former brownfield site just off New Jersey Turnpike Exit 12, 13 miles from the Port Newark\u2013Elizabeth Marine Terminal.<\/p>\n\n\n\n<p>Russell Hofstetter of Strategic Real Estate Partners, Atlanta, and Stephen Shoemaker of CBRE served as tenant representatives in the transaction. Cushman &amp; Wakefield\u2019s Jules Nissim, Stan Danzig and Kimberly Bach negotiated the lease as exclusive agents for Crow Holdings at Carteret.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/e-commerce-continues-to-steer-logistics-demand\/\">E-Commerce Continues to Steer Logistics Demand<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>BroadRange was founded in 2001 and supports an array of industries, including solar, e-commerce, food and beverage, home goods, building materials and heavy equipment.<\/p>\n\n\n\n<p>It joins prior Crow Holdings at Carteret tenants YunExpress,\u202fWeida Freight System Inc.\u202fand DSV Global Transport and Logistics.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ports-continue-to-draw-industrial-tenants\">Ports continue to draw industrial tenants<\/h2>\n\n\n\n<p>Following a cautious beginning to the year, industrial leasing in New Jersey rose substantially in the second quarter, according to a brand-new report from CBRE. Appetite was especially strong for Class A space, with 3.2 million square feet being absorbed in the quarter.<\/p>\n\n\n\n<p>Leading sectors were 3PLs, followed by food\/beverage, and leasing activity was concentrated in and around port submarkets, including Carteret\/Avenel.<\/p>\n\n\n\n<p>That submarket has an overall vacancy of 11.4 percent, on an inventory of 31.2 million square feet, and with no new construction underway. The average Class A asking rent in Carteret\/Avenel is $19.70 per square foot, CBRE reported.<\/p>\n\n\n\n<p>In May and at the opposite end of the country, Crow Holdings <a href=\"https:\/\/www.commercialsearch.com\/news\/crow-holdings-signs-250-ksf-tenant-at-inland-empire-project\/\">nailed down a 250,369-square-foot long-term lease<\/a> at the Ontario Commerce Center, in California\u2019s Inland Empire. The tenant is CTK USA, the U.S. subsidiary of Korea-based logistics\/fulfillment provider CTK, which was represented by Newmark.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A third-party logistics provider brings the developer\u2019s industrial campus to full occupancy. <\/p>\n","protected":false},"author":882,"featured_media":1004764564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,10],"tags":[32789,37358,32799,45956],"class_list":["post-1004764553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-northeast","tag-cbre","tag-crow-holdings","tag-cushman-wakefield","tag-strategic-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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