www.marej.com M id A tlantic Real Estate Journal — Commercial Real Estate Across America — January 2025 — 5A C ommercial R eal E state A cross A merica Walls up and steel underway at 834,800 s/f Golden Triangle Logistics Center Crow Holdings Development enters industrial market with bold project in Wallkill
underway, construction is progress- ing on track at Golden Triangle Lo - gistics Center in Wallkill, announced Crow Hold- ings Devel- W
Crow Holdings Development is the development platform of Crow Holdings, a privately owned real estate investment and development firm with 75 years of history, $33 billion of assets under management, and an established platform with a vision for continued suc- cess. The company specializes in multifamily and industrial development across high-op- portunity markets in the US, with a newly launched office development platform as well. The firm has developed more than 72 million s/f of industrial space since 2013. MAREJ
ALLKILL, NY — With walls up and steel installation
Brad Vander Vliet
Golden Triangle Logistics Center under construction
opment . The class A, two- building warehouse/distribu- tion property sits on 92 acres in the heart of Orange County and marks the company’s first New York State industrial venture. Golden Triangle Logistics Center, located at 2 and 4 Katy Trail, is fully approved for 834,800 s/f. Situated at the intersection of I-84 and Rte. 17 (future I-86) just 60 miles north of NYC, the campus of- fers exceptional reach to more than 50 million consumers in a day’s drive. This includes supe- rior connectivity to service the Boston to Baltimore corridor. “Orange County has come into its own,” said Crow Hold- ings Development’s Brad Vander Vliet , VP. “The Hud- son Valley is a natural exten- sion of the Northern New Jersey market, while offering rents 30% lower, greater re- gional connectivity charac- teristics, and port proximity comparable to that of Exit 8A. A strong labor pool and reason- able taxes add to its appeal.” Vander Vliet added that the market’s progress was in- strumental in Crow Holdings Development purchasing in 2024. “In the past, this region posed barriers to entry from a cost standpoint,” he said. “However, market conditions have reached a point that justifies development. For us, Golden Triangle is a strong initial investment in Orange County and New York State as a whole.” A Summer 2025 delivery is anticipated for the prop- erty’s first, 535,600 s/f building, which is divisible. Checking ev- ery box for modern, world-class industrial product, it features 36-ft. ceiling heights, 88 dock doors, and parking for 83 trail- ers and 422 cars. Office space will be built to suit. Crow Holdings Development’s Northeast regional presence is well established. Its projects also include 2900 Grant Ave. and Crow Holdings at I-95 in
Philadelphia, as well as the recently completed Crow Hold- ings at Carteret in Carteret,
NJ, 25 Market St. in Elmwood Park, NJ, and others compris- ing more than 3.5 million s/f of
new development in New Jersey and Pennsylvania over the past two years.
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