Lincoln Equities Group completed final demolition Friday at the site of the future Lincoln Logistics Center in Bayonne, carrying out the implosion of a 175-foot smokestack and 150-foot steel water tower.
When the project is complete, the 152.9-acre site will have 1.6 million square feet of industrial warehouse space and create 2,700 new jobs.
“The demand for industrial warehousing has never been greater, thanks to the rise of e-commerce and same-day delivery services,” said LEG President Joel Bergstein. “The new Lincoln Logistics Center will help meet that need. The underutilized site will become a bustling, portside commerce center for the 21st century.”
LEG is a full-service real estate company based in East Rutherford. It owns, operates, develops and manages commercial and residential properties in Europe and the tri-state area.
The site is located at the former Military Ocean Terminal and contains 62.9 acres of riparian water rights, maritime access to the Hudson River and Newark Bay and direct access to the New Jersey Turnpike, Interstate 78, Route 440 and the Global Container Terminal.
Lincoln has had possession of the property since June, and the demolition of old structures in the area has been ongoing since. Construction will take place over the next two years, as the site will need to be elevated six feet to meet post-Hurricane Sandy standards and an excess of 1 million cubic yards of clean fill will need to be imported.
“The city of Bayonne worked closely with various agencies to make this coordinated implosion a safe event for credentialed attendees and onlookers,” said Bayonne Mayor Jimmy Davis. “Construction at the site underscores Bayonne’s standing as one of New Jersey’s growing economic and transportation centers.”
The industrial Bayonne site was unused for over a decade.
“The logistics center is one of the largest development projects in the region. By 2020, the site will accommodate tenants from 200,000 to over 1 million square feet,” said Cushman & Wakefield Vice Chairman Jules Nissim, an adviser to LEG.
With Newark Liberty International Airport, New York City and the Global Container Terminal in close proximity, the site’s location benefits e-commerce, last-mile delivery and the state’s traditional food, retail, consumer products and third-party logistics user base.
Located on a manmade peninsula, the site the Lincoln Logistics Center will sit on top of extends into the New York Harbor and was once used by the Navy as a repair base during World War II.
