Realterm recently closed on the acquisition of a 100,627 SF final mile distribution facility in Carlstadt, New Jersey. The high flow-through (HFT) warehouse is situated amid the region’s most desirable roadway networks, across the Hudson from Manhattan. The facility is less than 10 minutes from the Lincoln Tunnel and George Washington Bridge, minutes from I-95, Port Newark, Newark Airport, Routes 17, 46, 3, 1 and 9, and within walking distance from multiple NJ Transit bus stops. Equally as important, the property is accessible to 5 million consumers within a 30-minute drive and 793,847 residents within a 5-mile radius.
“The asset’s superior HFTfunctionality makes this a great addition to our portfolio,” said Ben Andreycak, Associate Vice President of Investments for Realterm. “The facility’s location in the region’s most sought after submarket with access to major roadway networks and population density make this an ideal property for HFT and final mile users.”
Highlights of the property include:
- Square feet / doors: 100,627 SF / 12 doors
- Land area: 5.17 acres
- Access: Downtown Manhattan – less than 10 minutes via the Lincoln Tunnel and George Washington Bridge
The transaction was facilitated by the Cushman & Wakefield team of Gary Gabriel, David Bernhaut, Kyle Schmidt and Ryan Larkin. The facility is fully leased to a national e-commerce tenant.