14B — March 2026 — Best of 2025 — M id A tlantic Real Estate Journal
www.marej.com
The Blau & Berg Company 349 First Street Elizabeth, NJ NAI James E. Hanson Normandy Logistics Center Piscataway, NJ The LARGEST INDUSTRIAL SALE of 2025 Crow Holdings Development Millstone 8 Logistics Center Millstone, NJ
Size: 1 Million SF Brokers: JLL’s Rob Kossar, John Plower and Nate Demetsky Crow Holdings Development (CHD) sold its 1 MSF, Class A warehouse at Millstone 8 Logistics Center to BGO in a blockbuster transaction orchestrated by JLL. The sale followed a full-building lease to Logistics Plus in late 2024. CHD – in partnership with The Carlyle Group and 2020 Acquisitions – launched construction at the 140-acre, Monmouth County site in 2021. The property’s stabilization and disposition illustrate both the maturity of New Jersey’s Turnpike Exit 8 market and continued regional demand for large-scale industrial. T he success story extends CHD’s long track record of staying ahead of the pack in identifying new and viable submarkets.
Ashley Rosa
Tamara Blau
Brad Jacobs
Size: 39,000 SF The industrial property at 349 First St. in Elizabeth, NJ, spanning 8 acres with a 39,000 s/f two-story office building and high-bay bus garage, was acquired by Yankee Line from Coach USA in a transaction that closed in early 2025. The deal was facilitated by brokers Ashley Rosa, Tamara Blau, and Brad Jacobs of The Blau & Berg Company, with zoning support from Phil Abramson of Topology, highlighting the property’s appeal for logistics and transportation uses in a high-demand area.
Christopher Todd
Jordan Avanzato
William Ericksen
Size: 241,200 SF Brokers: Christopher D. Todd, SIOR / Jordan Avanzato, SIOR / William Ericksen, SIOR, CCIM NAI James E. Hanson represented Elion Partners in the acquisition of 10 Normandy Drive, Piscataway, NJ from Rockefeller Group. The transaction involved the development of a 241,200 s/f Class A distribution center, with Rockefeller providing 75% of the dock packages and office buildout as part of the project scope.
The Blau & Berg Company 201-207 Meadow Rd. Edison, NJ NAI James E. Hanson Bayonne Distribution Bayonne, NJ The LARGEST INDUSTRIAL LEASE of 2025 Crow Holdings Development Crow Holdings at Carteret Carteret, NJ
Size: 480,000 SF Landlord reps: Cushman & Wakefield’s Jules Nis - sim, Stan Danzig and Kimberly Bach / tenant reps: CBRE’s Stephen Shoemaker and Russell Hofstetter of Atlanta-based Strategic Real Estate Partners BroadRange Logistics’ lease at Crow Holdings at Carteret represents the culmination of an exceptional brownfield redevelopment success story. The full-building transaction at 500 Salt Meadow Road brought Crow Holdings Development’s multi-award-winning, 1.2 million s/f industrial campus to full occupancy. Crow Holdings at Carteret exemplifies how thoughtfully designed and executed world-class industrial product can drive market diversification, deliver cutting-edge tenant solutions and catalyze regional economic transformation. This redevelopment is a quintessential illustration of public- private partnership, supported by a local government that understands development is an economic stimulant and driver for growth – at a time when that has become increasingly rare.
Size: 403,792 SF Distribution Management Group, a warehousing and distribution services provider, renewed its lease for 409,792 s/f at the industrial facility located at 201-207 Meadow Road in Edison, New Jersey, in the first quarter of 2025, securing one of the largest industrial lease deals in the state during that time. Owned by Heller Industrial Parks and situated in the I-287/Exit 10 submarket, the property supports the tenant’s operations amid a market where leasing activity reached over 7.1 million square feet overall in Q1, with renewals accounting for about 24.3% of the total. This renewal highlights sustained demand for big-box industrial spaces in Central New Jersey, even as availability rates rose slightly and construction pipelines began to slow.
Size: 255,069 SF Russell Verducci, SIOR, Eric Demmers, and Colin Goldstein are the exclusive leasing team for a 613,129 s/f portfolio located at 130 and 169 Pulaski Street and 73–79 Gould Street in Bayonne. The team completed a 255,069 SF lease placing a global logistics firm at 169 Pulaski, filling a significant portion of the portfolio’s largest building. Located less than a mile from Port Bayonne and Port Newark, the site offers exceptional connectivity to the New Jersey Turnpike, Garden State Parkway, and both the Holland and Lincoln Tunnels.
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