Global Interactive Logistics recently inked a long-term industrial lease for 115,000 square feet of space at 1000 New County Road in Secaucus, where it will relocate and expand its operations from 123 Pennsylvania Ave. in Kearny, according to a Tuesday announcement from CBRE, which facilitated the transaction.
The property is a 525,224-square-foot industrial warehouse facility situated on 25.5 acres in the Meadowlands submarket. The multitenant complex was built in 1968 and is ideally located, offering easy access to various transportations options.
The CBRE team of Conor Dolan, Jeff Babikian, Nick Klacik and Kevin Dudley represented GIL in the lease negotiations. Larry Schiffenhaus and Tom Monahan of CBRE spearheaded leasing and acted on behalf of the ownership, Prologis.
“GIL’s commitment to space in Secaucus speaks to the continued strength of the industrial market, despite some economic headwinds,” Dolan said. “Our client required additional space to meet its growing third-party warehouse and distribution operations, and 1000 New County Road ideally met all of these requirements.”