LYNDHURST, NJ — Russo Development and Forsgate Industrial Partners broke ground today on Kingsland Meadowlands, a new e-commerce development totaling more than three million s/f on a 718-acre site spanning the municipalities of Lyndhurst, Rutherford, and North Arlington.
Plans include up to six buildings, with the ability to deliver a single building totaling more than 1,200,000 s/f in an industrial/warehouse submarket that is nearly fully occupied and rarely offers floorplates of more than 250,000 s/f.
Kingsland Meadowlands features the dimensional efficiencies of a modern distribution facility while being able to offer unparalleled size and trailer parking positions within the competitive market set. The initial phase will offer 1,280,000 s/f in two buildings with more than 1,400 trailer positions and 800 car parking spaces available.
“Kingsland Meadowlands will bring a truly unique product offering to the market at a time when demand has been aggressively outpacing supply.” said Ed Russo, CEO for Russo Development. “Many governmental agencies were involved in the approval process and we want to especially thank Lyndhurst, North Arlington, Rutherford and the NJSEA for their collaborative efforts in helping to unlock the potential for this property.”