Thursday, June 10, 2021

Amazon to Lease 360K-SF ‘Highland Cross’ Industrial Site in Rutherford, NJ, Owned by Lincoln Equities Group

 

Jenna Hilzenrath


RUTHERFORD, N.J – Lincoln Equities Group (LEG), one of the Northeast’s leading full-service real estate companies, announced that multinational technology and logistics leader, Amazon, will occupy its future 360,000-square-foot industrial warehouse in Rutherford, N.J., Highland Cross.

“We are excited to continue to invest in New Jersey with a new delivery station in Rutherford that will provide efficient delivery for customers and create hundreds of great job opportunities for the talented local workforce,” said Amazon spokesperson Jenna Hilzenrath.

 

“This new delivery station represents Amazon’s unwavering commitment to safety, technological innovations and skilled teams who are obsessed with delivering for our customers.”


                                Lance Bergstein

The state-of-the-art last-mile distribution center, which will create hundreds of jobs, is in the heart of the bustling Meadowlands industrial market.

 

LEG procured $115 million in industrial build-to-suit construction financing for the facility, a Class A industrial site that recently received requisite approvals.


Joel Bergstein

 

Upon its completion in early-2022, Highland Cross will be on the short list of modern buildings in the Meadowlands, with less than 20 existing properties offering 36-foot-plus-clear heights.

 

 The property will feature cross-docked loading, 70-plus dock high doors and 80-plus trailer parks.


“Highland Cross is optimally positioned to capitalize on the sustained growth in demand for ‘last-mile’ industrial product proximate to consumers, labor and infrastructure,” said LEG Acquisitions and Development Officer Lance Bergstein.

 

“The lease is a continuation of the success LEG has felt in the industrial space of late, including our Bayonne site – which will be occupied by UPS.”


 “We’re thrilled that Amazon has selected our Rutherford facility for its latest delivery center,” said LEG President Joel Bergstein.

 

“We have been working with Rutherford for 20 years and are excited to see this project come to fruition and create a ratable for the borough. It was this administration that supported the vision for industrial.”


  CONTACT:

Dan Gunderman
Senior Account Executive

M 862.377.5106
P 646.586.9931
E dan@violetpr.com

Violet PR
7 N. Willow St, Suite 8C, Mailbox 11
Montclair, NJ 07042

www.violetpr.com

 

www.lincolnequities.com.


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