The New Jersey office of Duke Realty announced Thursday it has begun construction on what it calls the “largest spec bulk warehouse in northern New Jersey.”
The 66,741-square-foot, bulk warehouse will be constructed in Newark before the end of of the year, the logistics property REIT said. It will be located at 429 Delancy St., which is within close access to interstates 95 and 78 and routes 1 and 9.
“Demand for industrial space in northern New Jersey remains high, resulting in rapidly dwindling availability for companies looking for bulk Class A facilities in this premier distribution market,” Ben Rosen, vice president of leasing and development for Duke Realty in New Jersey, said. “Our new building will offer tenants a truly unique opportunity to lease a modern bulk distribution facility with unparalleled access to New York City, Port Newark/Elizabeth, Newark Airport and New Jersey’s most important arterial highways.”
When finished, the building will be ideal for e-commerce, port and air cargo use, Duke said. The cross-dock building will also incorporate 109 dock doors and four drive-in doors, with interior features including 40-foot ceilings, 66-foot staging bays, LED motion-controlled lighting and more.