The Most Unique Industrial Lease of 2020
- MAREJ
- Mar 22, 2021
- 1 min read
Duke Realty, 429 Delancy Street, Newark, NJ
Size: 661,741 s/f
Brokers: Amazon was represented by Todd Meldahl and Jason Goldman with KBC Advisors. Duke Realty was represented by Robert Kossar, David Knee, Brian Golden and Chris Hile with JLL and Duke Realty’s own Ben Rosen and Cait English.
429 Delancy St. is a 661,741 s/f, trophy distribution facility in Newark, NJ that was the largest speculative development in Northern NJ at the time it was leased. After being vacant for over 20 years, the former brownfield site was successfully redeveloped and preleased to Amazon. This facility has created more than 100 full and part-time jobs, in addition to hundreds of driver opportunities for Amazon’s Delivery Service Partners and Amazon Flex drivers.
Located just off I-95, I-78 and Routes 1 and 9, 429 Delancy Street provides unparalleled access to New York City, Port Newark/Elizabeth, Newark Airport and New Jersey’s most important arterial highways. The state-of-the-art, cross-dock building features all the typical modern functional amenities including 40′ clear height and abundant parking.
