Lincoln Equities Group (LEG) said June 3 that Amazon will occupy its future 360,000-square-foot industrial warehouse in Rutherford, Highland Cross. Construction at the site is slated to wrap in early 2022.
LEG procured $115 million in industrial build-to-suit construction financing for the facility–a Class A industrial site that recently received requisite approvals.
Upon its completion, Highland Cross will be on the short list of modern buildings in the Meadowlands, with less than 20 existing properties offering 36-foot-plus-clear heights. The property will feature cross-docked loading, 70-plus dock high doors and 80-plus trailer parks.
“We’re thrilled that Amazon has selected our Rutherford facility for its latest delivery center,” said LEG President Joel Bergstein. “We have been working with Rutherford for 20 years and are excited to see this project come to fruition and create a ratable for the borough. It was this administration that supported the vision for industrial.”
The state-of-the-art, last-mile distribution center, which will create hundreds of jobs, is in the heart of the bustling Meadowlands industrial market, at the crossroads of the New Jersey Turnpike (Interstate-95) and N.J. Routes 3 and 17. The facility offers convenient access to New York City, the Port of NY/NJ and 18 million consumers within a one-hour drive.
“We are excited to continue to invest in New Jersey with a new delivery station in Rutherford that will provide efficient delivery for customers and create hundreds of great job opportunities for the talented local workforce,” said Amazon spokesperson Jenna Hilzenrath. “This new delivery station represents Amazon’s unwavering commitment to safety, technological innovations and skilled teams who are obsessed with delivering for our customers.”
LEG was appointed by the New Jersey Meadowlands Commission (NJMC) and the Borough of Rutherford as redeveloper of this 30-acre brownfield site in 1998. Working with the state Department of Environmental Protection (DEP), LEG developed and implemented a five-year Remedial Action Work Plan (RAWP) and successfully completed a wetlands mitigation program.
“Highland Cross is optimally positioned to capitalize on the sustained growth in demand for ‘last mile industrial product proximate to consumers, labor and infrastructure,” said LEG Acquisitions and Development Officer Lance Bergstein.
LEG’s Highland Cross project was designed by Ford & Associates. Construction is being carried out by RC Andersen LLC.