Newmark is pleased to announce the sale of 1200 Wall Street West in Lyndhurst, New Jersey (the “Property” or “1200 Wall St”), an 8 acre parcel in the Meadowlands submarket that can accommodate approximately 110,000 SF of warehouse/distribution space.
Brian Schulz, Kevin Welsh, and Jason Emrani of Newmark’s Tri-State Capital Markets Team represented the Seller, 1200 Wall Holdings LLC, in coordination with Dan Reider from Newmark’s leasing team. The Team was also responsible for procuring the Buyer, Link Industrial Properties (“Link”). Situated on 8 acres in the heart of the Meadowlands, 1200 Wall St will be redeveloped from a six-story, 186,846 SF office building to accommodate a “last-touch” distribution center with ideal delivery patterns throughout NJ/NYC.
“The extreme infill nature of the Meadowlands and unmatched demand for modern generation space is demonstrated by the continued redevelopment of alternative uses to industrial,” said Brian Schulz, Managing Director. “This transaction provides Link the opportunity to further expand their industrial portfolio in the Meadowlands”.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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