Hilco Redevelopment Partners inks long-term lease with DB Schenker at its logistics park in Jersey City

Hilco Redevelopment Partners on Thursday said it facilitated a new, long-term lease of 80,000 square feet of state-of-the-art warehouse space at HRP Hudson Logistics Park by DB Schenker, a global logistics leader with over 1,800 locations around the world committed to sustainable supply chain management.

“DB Schenker’s focus on global sustainability, clean logistics and healthy communities is a perfect fit for our transformative redevelopment in Jersey City,” HRP Chief Investment Officer Andrew Chused said. “HRP’s similar commitment to sustainable redevelopment was the guiding focus of the project, and we’re thrilled that DB Schenker shares the same core values.”

Positioned in the heart of the Meadowlands in Jersey City, HRP Hudson is an extraordinarily rare, large-scale, urban-infill site in one of the lowest-vacancy, highest-rent growth, supply-constrained markets in the U.S. The site is strategically located near the Port of New York & New Jersey and Newark Liberty International Airport, and just four miles from the New Jersey Turnpike and Lower Manhattan.

HRP Hudson Logistics Park is comprised of three 36′-40’ clear, sustainable warehouse/distribution buildings, ranging from 80,000 square feet to 427,155 square feet, all located within a state of the art, master-planned logistics park within Foreign Trade Zone No. 49. Strategically located in the heart of the Northeast Corridor directly off of Routes 1 & 9, HRP Hudson Logistics Park is also under 4 miles from Exits 15E & 16E of the New Jersey Turnpike. This state-of-the-art development will access over one-third of the nation’s population and has near proximity to the region’s significant seaport and airport infrastructure.

“HRP Hudson’s strategic location and sustainable construction features makes this facility an ideal match for our focus on building greener supply chains and delivering seamless last-mile service,” DB Schenker Area Airfreight Director Andrew Botthof said. “Partnering with a leading industrial redevelopment firm like HRP is consistent with our commitment to build resiliency and reduce environmental impact while creating sustained value for our customers.”

HRP Hudson’s story aligns closely with DB Schenker’s focus on environmental sustainability. HRP purchased the former Hudson Generating Station coal-fired power plant in December 2018 and undertook an extensive redevelopment that included improvements to surrounding roadways and infrastructure and resiliency measures such as importing clean soil to raise the park out of the floodplain. The resulting Phase 1 86-acre master-planned industrial park features nearly 705,000 square feet of energy efficient warehouse and logistics space, including solar ready infrastructure.

This is the first executed lease since HRP Hudson’s initial buildings recently became available. A 427,155-square-foot building with significant additional trailer parking and a 197,277-square-foot building are substantially complete and available for lease.

Kevin Dudley and Nicholas Klacik of CBRE represented DB Schenker on the tenant side and David Knee, Chris Hile and Ryan Milanik of JLL represented HRP to bring the lease agreement to a successful conclusion.