A new last-mile delivery service is setting up shop in Carlstadt.
AxleHire signed a lease for 79,076 square feet of space at 100 Industrial Road in the Bergen County municipality, NAI James E. Hanson announced Jan. 5.
Senior Vice President Scott Perkins, Vice President Chris Todd and Associate Vice President William Ericksen represented the landlord in the transaction. The tenant was represented by Executive Director Robin Dodson, Executive Managing Director Stephen Elman and Vice Chairman John McManus of Cushman & Wakefield.
AxleHire is an expedited urban last-mile delivery service with same- and next-day options. The company currently operates in 17 major U.S. metro areas, according to NAI Hanson.
In Carlstadt, 100 Industrial Road is a 142,815-square-foot building with 21-foot ceiling heights, 21 tailgates, 110 feet of truck court depth and ample parking. The property is near Routes 3, 17, 21 and 46; Interstate 80; and the New Jersey Turnpike. Additionally, the George Washington Bridge is less than 15 miles away.
“Competition continues to be fierce for well-located industrial properties with access to the major trucking routes in the New York City metropolitan area,” Perkins said in a statement. “Tenants with last-mile delivery needs continue to dominate the market and have placed landlords in an advantageous position to maximize the values of their assets. We’re happy that our experience within the market provides the solutions needed to bring these deals across the finish line and provide value for our clients.”
In recently released research, Colliers’ reported the average asking rent in the sector in North Jersey was $17.08 per square foot for the fourth quarter of 2022, up from the previous period’s $15.89 per square foot and well above the first quarter’s $12.62 per square foot price tag.
According to NAI Hanson, AxleHire will utilize the new space’s proximity to the major trucking routes to expand its presence within the New York City metro area.