A new e-commerce development has broken ground in the Meadowlands, according to the projects two developers.
Russo Development and Forsgate Industrial Partners said on Wednesday they broke ground on Kingsland Meadowlands, a 3 million-square-foot project situated on 718 acres spanning Lyndhurst, Rutherford and North Arlington.
Plans for the site, which is located in one of the state’s industrial/warehouse submarkets, include up to six buildings with the opportunity to deliver a single, 1.2 million-square-foot building.
The first phase of the project will offer 1.28 million square feet in two buildings with more than 1,400 trailer spots and 800 car parking spaces.
“Kingsland Meadowlands will bring a truly unique product offering to the market at a time when demand has been aggressively outpacing supply.” Ed Russo, CEO for Russo Development, said. “Many governmental agencies were involved in the approval process and we want to especially thank Lyndhurst, North Arlington, Rutherford and the NJSEA for their collaborative efforts in helping to unlock the potential for this property.”
The leasing team for the sites includes Robert Kossar, David Knee, Leslie Lanne and Chris Hile of JLL.
“Forsgate Industrial Partners has been developing facilities in the region for over 50 years, and we look forward to continuing our tradition of delivering the highest quality product for local businesses,” Alex Klatskin, general partner for Forsgate Industrial Partners, said. “We are proud to be part of the economic and environmental revitalization of such an important site in the Meadowlands.”
The developers won a bid in June 2015 for the site and afterward engaged in a entitlement and engineering design process to ready it for use.
The partners expect the first building to be complete in late 2021.