National developer Crow Holdings Industrial on Tuesday announced it has started construction on its first industrial project in the state, a 925,000-square-foot facility in Franklin Township, filling the market’s growing need for Class-A industrial space.
Crow Holdings at Veronica Ave, is expected to open in the first quarter of 2020. It is located in close proximity to New Jersey Transit buses and trains.
Its features include large windows, LED lights, murals, access points for food trucks and on-site walking trails.
The building will have 40-foot clear heights and will include 170 trailer parking spots, 159 dock positions, four drive-in ramps and doors, and 394 car spaces.
Crow Holdings Industrial and multifamily developer Trammell Crow Residential are the development companies of Crow Holdings, a privately owned real estate investment and development firm with a 70-year history.
In 2018, Crow Holdings Industrial hired Clark Machemer as a senior managing director to expand its national platform in the Northeast. The Northeast team has a pipeline of approximately 5 million square feet of industrial space.
Crow Holdings Industrial acquired the property from 2020 Acquisitions in January of this year with the Cushman & Wakefield team of Vice Chairman Stan Danzig, Vice Chairman Jules Nissim and Associate Kimberly Bach serving as exclusive leasing agent for the project.