14B — March 2025 — Best of 2024 — M id A tlantic Real Estate Journal www.marej.com The LARGEST INDUSTRIAL LEASE of 2024
Crow Holdings Development Millstone 8 Logistics Center Millstone, NJ
Lee & Associates – WBE, LLC 720 South Front Street Elizabeth, NJ
ROCK Commercial Real Estate 275 Regional Way York, PA
Size: 1 million SF / 115 Acre Parcel Brokers: Newmark’s Andrew Crites, Art Leichner and Kyle Eaton for tenant; JLL’s Rob Kossar, Nate Demetsky and Leslie Lanne served as leasing agents for Millstone 8 Logistics Center. Illustrating both the maturity of New Jersey Turnpike’s Exit 8 market and continued viability of large-scale industrial requirements in the state, Crow Holdings Development inked a 1 million s/f lease at its Millstone 8 Logistics Center in western Monmouth County. The lease commitment by Logistics Plus, Inc. marks a regional expansion for the U.S.-based global logistics firm. Crow Holdings Development has a long track record of staying ahead of the pack in identifying new and viable submarkets, and this transaction is proof of concept. The property’s world-class quality also provided a competitive edge in securing this full- building tenant.
Size: 213,806 SF Brokers: Michael Schaible/Senior Partner / Troy Wisse, Partner / Ana Carolina de Araujo, Associate Director A commercial furniture installer, Twenty Four 7 Contracting, leased nearly 214,000 s/f at 720 South Front St. in Elizabeth. The 213,806 s/f facility, situated on 11 acres, is just two miles from New Jersey Tke. Exit 13 and near Port Newark-Elizabeth. Michael Schaible, Troy Wisse, and Ana Carolina de Araujo of Lee & Associates – WBE LLC represented the tenant. The collaboration between brokers emphasizes the importance of strong relationships in securing successful deals and ensuring client satisfaction.
David L. Bode
Size: 818,065 SF Brokers: David L. Bode
Build-to-suit lease in newly developed Manchester Commerce Center a logistics park along I-83. ROCK Advisor, David L. Bode, CCIM, SIOR, represented the tenant, Park River Holdings, Inc. in the transaction. Ryan Oberle of NorthPoint Development, LLC represented the owner, NP Manchester Building 3, LLC.
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