M id A tlantic Real Estate Journal — Central New Jersey — May 2025 — 7
www.marej.com
C entral N ew J ersey
3PL commitment brings third tenant to Turnpike Exit 12 Campus Crow Holdings Development inks 146,000 s/f industrial lease in Carteret, New Jersey
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nation’s most dynamic indus- trial corridors is a clear draw for this sector – and others.” Crow Holdings at Cart- eret sits on 126 acres just 13 miles from the Port Newark- Elizabeth Marine Terminal, offering convenience to New- ark Liberty International Airport, major thorough- fares and key NYC crossings. Ideally suited for a variety of uses, it benefits from a 30-year PILOT agreement, enabling long-term tax rate stability. The campus has received multiple industry honors since its introduction.
Crow Holdings Develop- ment’s Northeast regional presence is well established. In addition to Crow Hold- ings at Carteret, project highlights include Golden Triangle Logistics Center in Wallkill, NY, and Crow Holdings at 6A in Burling- ton, NJ, under development. The firm has introduced more than 4.2 million s/f of new industrial inventory since 2020 and currently has 1 million square feet of con- struction in progress across New Jersey, New York and Pennsylvania. MAREJ
ARTERET, NJ — YunExpress, a global third-party logistics provider, has signed a 146,000 s/f, long-term lease at Crow Holdings at Carteret. The com- mitment at 400 Salt Meadow Rd. marks a regional expan- sion for YunExpress, which will become the third occupant at Crow Holdings Develop- ment’s 1.2 million s/f indus- trial campus just off NJ Tpke. Exit 12. Savills Christopher Marx, Chris O’Connor, Steve Card, Chris Marx Jr., Taylor De- Risi and Peter Starr served as tenant representatives in the transaction. Cushman & Wakefield’s Jules Nissim, Stan Danzig and Kimberly Bach negotiated the lease as exclusive agents for Crow Holdings at Carteret. Founded in 2014, YunEx- press ranks among the top third-party logistics compa- nies in China, according to its website. The organiza- tion, which already main- tains a New Jersey presence in the Exit 8A submarket, is emerging as a leading provider in cross-border B2C business lines for e- commerce sellers. It also offers FBA (Fulfillment by Amazon) transfer, postal parcel and international express services. “Crow Holdings at Carteret’s unparalleled location and world-class, ready-for-occu- pancy distribution space hit all the marks for YunExpress,” said Clark Machemer , se- nior managing director, Crow Holdings Development. “We are pleased to welcome anoth- er tenant to this thoughtfully designed and executed cam- pus, which is a great source of pride for both our team and the Borough of Carteret.” YunExpress joins Weida Freight System, Inc. (WFS) and DSV Global Transport and Logistics at Crow Hold- ings at Carteret. Cushman & Wakefield is marketing the campus’ one remaining full-building opportunity of 480,000 s/f at 500 Salt Meadow Rd. “The market continues to see a surge in 3PL deals, including an influx of Asian logistics providers working to build out their network capacity close to sea, air and land infrastructure,” Nissim said. “Crow Holdings at Cart- eret’s location in one of the
400 Salt Meadow Rd.
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