Lincoln Equities Group on Wednesday said it recently broke ground on a 220,000-square-foot speculative warehouse at 625 Corporate Place in Valley Cottage, just over the New Jersey/New York state border in Rockland County, New York.
Situated on a 23-acre site in Executive Park on Route 303 and set for completion in the third quarter, it will be the first modern logistics facility constructed in the county since 2009. With the average age of industrial properties topping 45 years, Lincoln Equities @ Rockland County will be a unique asset in the market, offering tenants a Class A facility for meeting today’s operating challenges and consumer demands.
The developer has retained JLL Northeast Industrial as the exclusive leasing agent for Lincoln Logistics @ Rockland, which will feature state-of-the-art industrial design, superior loading, wide column spacing and energy-efficient LED lighting. It will have 36-foot clear ceiling heights, 34 loading docks, two drive-in doors, 41 trailer stalls and parking for 123 cars.
Located just off Interstate 287 and minutes from the Mario Cuomo Bridge, with easy access to New York City, Westchester and Fairfield counties and northern New Jersey, the property is situated at the center of the Northeast’s most affluent population pockets. The area immediately surrounding the property boasts median household income levels 74% higher than the national average.
With a pipeline of more than 2 million square feet of modern industrial space under development, LEG is responsible for some of the tri-state’s most transformational developments, including the 152-acre Lincoln Logistics Bayonne campus.
Joel Bergstein, president of LEG, said: “Lincoln Equities @ Rockland County represents the best industrial opportunity in Rockland County and, working with JLL, we are already seeing interest from Fortune 500 companies, third-party logistics firms and local businesses looking to expand. Rockland County’s business-friendly climate and superior transportation access make it an ideal location for value-oriented tenants requiring access to the New York tri-state market.”
The exclusive JLL leasing team is led by Senior Managing Director James Panczykowski, Executive Managing Director Dean Brody and Vice President Ignatius Armenia.
“As the industrial markets in Northern New Jersey and New York City continue to experience record-breaking demand, Lincoln Logistics @ Rockland offers a new alternative for tenants seeking to service the region from Class A industrial space,” Panczykowski said. “This type of highly coveted, state-of-the-art space is ideal for a successful distribution hub that caters to the ever-growing demand for fast local deliveries.”