M id A tlantic Real Estate Journal — Owners, Developers & Managers — February 2023 — 3C
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O wners , D evelopers & M anagers
Walls and steel are up at 25,714 s/f warehouse/distribution building Donnelly Construction announces major gains at 441 Newark Pompton Turnpike, Wayne, NJ
W AYNE, NJ — Don- nelly Construc- tion announced that walls and steel are up on the 25,714 s/f warehouse dis- tribution building at 441 New- ark Pompton Tpke., Wayne. The building is scheduled to be completed on or before May 2023. “The site offers an excel- lent location for a warehouse/ distribution building,” said Rod Donnelly , president of Donnelly Construction. “It is an incomparable location just minutes away from Rtes. 23, 46, I-287 and I-80,” he said. These major North Jersey highways link the site within a short driving distance to the George Washington Bridge and Lincoln Tunnel, giving compa- nies at this location proximity to the Metro New York, New Jersey, Connecticut and Penn- sylvania marketplace. “When we saw the opportu- nity to acquire the property, we knew we could transform the site into a viable logistical warehouse distribution asset,” he said. Building specifications in - clude: 26-foot ceiling height, three tailboard loading docks, one drive-in door and 2,000 AMPS of electric which could service a wide array of manu- facturing and light assembly companies. The building also continued from page 2C By Caroline Shelly, HF Planners, LLC we're often called to change when we feel least prepared to make it happen. Add to that the nature of change is changing. HF Planners, LLC can lead your organization to effective workplace strategies tailored to your needs. Our team of Change Managers have the knowledge and experience to understand your challenges and create a custom plan that will get the job done most efficiently and effectively as possible. It's why clients turn (and return) to us today, to help them develop and imple- ment workplace strategies to create new successful offices of the future. Schedule some time to speak with our expert team about implementing a new workplace strategy in your office! Caroline Shelly is prin- cipal and founder of HF Planners. MAREJ
includes 1,500 s/f of office space, featuring a class A full height glass entry. The building is also ideal for e-Commerce and can accom- modate Cold Storage. Initially acquired in 2018, the site has expanded from 14-acres at the time of acquisi- tion to 23-acres. In addition to the current construction, Don- nelly said the firm has plans to build a 70,000 s/f industrial space on-site. A third building of 29,000 s/f is already on-site and fully leased. “We have seen a lot of inter- est from companies who need
easy access for distribution to the New York metro and Pennsylvania markets,” said Thomas Palestina of Pal- estina Scrivo Properties, Inc. , broker for the property. The Clifton-based broker has been active in Northern New Jersey for decades and says that the demand for warehous- ing/distribution space is strong. Tom Palestina’s partner Peter Scrivo said, “25,714 s/f of new class A warehouse/ distribution space is hard to find in this submarket. There is a definite need for space,” Scrivo said. MAREJ
441 Newark Pompton Tpke. construction site
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