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Deals & Dealmakers Leases

JLL bringing new warehouse to market

Construction is underway on the 76,000 s/f warehouse in Newark, NJ.

The S.Hekemian Group LLC has broken ground on 120 Frontage Road in Newark, NJ.

JLL will serve as exclusive leasing agent for the under-construction, 75,900 s/f warehouse, providing a range of marketing and leasing services for the project.

The JLL team include Frank Recine, executive managing director, Brian Golden, managing director, and Gary Politi, senior vice president. They will work closely with Peter Hekemian, senior managing director, with The S.Hekemian
Group.

“This new facility will add much-needed modern warehouse and distribution space to the Newark market, which has been held back by a limited supply of Class A industrial product,” said Golden.

“The facility’s proximity to Newark Liberty International Airport, the Port of Elizabeth and the Port of Newark, and its immediate access to Route 78, and the New Jersey Turnpike make this an ideal location.”

“The single-story 120 Frontage Road will comprise 75,900 square feet of modern warehouse space.” said Recine. “Demolition has already begun on the existing parking lot and structure, with construction of the new facility expected to be completed later this year.

“The new warehouse will offer a 36-foot clear ceiling height, 19 loading dock doors, one drive-in door and 46 parking spaces.”

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