Walls and steel are up at 25,714 s/f warehouse/distribution building
WAYNE, NJ — Donnelly Construction announced that walls and steel are up on the 25,714 s/f warehouse distribution building at 441 Newark Pompton Tpke., Wayne.
The building is scheduled to be completed on or before May 2023.
“The site offers an excellent location for a warehouse/distribution building,” said Rod Donnelly, president of Donnelly Construction. “It is an incomparable location just minutes away from Rtes. 23, 46, I-287 and I-80,” he said.
These major North Jersey highways link the site within a short driving distance to the George Washington Bridge and Lincoln Tunnel, giving companies at this location proximity to the Metro New York, New Jersey, Connecticut and Pennsylvania marketplace.
“When we saw the opportunity to acquire the property, we knew we could transform the site into a viable logistical warehouse distribution asset,” he said.
Building specifications include: 26-foot ceiling height, three tailboard loading docks, one drive-in door and 2,000 AMPS of electric which could service a wide array of manufacturing and light assembly companies. The building also includes 1,500 s/f of office space, featuring a class A full height glass entry.
The building is also ideal for e-Commerce and can accommodate Cold Storage.
Initially acquired in 2018, the site has expanded from 14-acres at the time of acquisition to 23-acres. In addition to the current construction, Donnelly said the firm has plans to build a 70,000 s/f industrial space on-site. A third building of 29,000 s/f is already on-site and fully leased.
“We have seen a lot of interest from companies who need easy access for distribution to the New York metro and Pennsylvania markets,” said Thomas Palestina of Palestina Scrivo Properties, Inc., broker for the property.
The Clifton-based broker has been active in Northern New Jersey for decades and says that the demand for warehousing/distribution space is strong.
Tom Palestina’s partner Peter Scrivo said, “25,714 s/f of new class A warehouse/distribution space is hard to find in this submarket. There is a definite need for space,” Scrivo said.