SHORT HILLS, NJ, February 26th, 2025 – The Blau & Berg Company, a distinguished commercial real estate brokerage firm serving the New Jersey and Tri-State region since 1932, has successfully brokered a lease for a newly constructed industrial warehouse spanning approximately 103,912 square feet at 865 Newark Avenue in Elizabeth. This cutting-edge facility, “Building 1” of the two-building Elizabeth Metropolitan Logistics Center, stands in tandem with an adjacent ±196,087 square foot warehouse, “Building 2”, which remains available for lease.
Located just off Newark Avenue, this state-of-the-art industrial facility, completed in the autumn of 2024, is a prized asset of Brookfield Properties. The transaction was brokered by The Blau & Berg team comprised of Jason Crimmins, CCIM, SIOR, Alessandro (Alex) Conte, CCIM, SIOR, Peter Murano, Jr., SIOR, Dylan Meade, and Troy Schaafsma on behalf of the Brookfield Properties’ team of Kyle McGrady, Senior Associate, Industrial Asset Management, Tyler Mordas, Vice President, Investments, Keith Edwards, Head of Real Estate Management, and Sam Hart, Investments Associate.
Strategically positioned, 865 Newark Avenue offers unrivaled accessibility. It is close to Manhattan’s key entry points, Newark Liberty International Airport ‘EWR’, Ports of Newark & Elizabeth, and NJ Turnpike Interchanges 13A and 14. The logistics hub is equipped with an impressive array of features, including 16 loading docks with 40-foot clearance, abundant trailer stalls, and forward-thinking EV charging stations representative of the future of modern industrial design.
Jason Crimmins, President of The Blau & Berg Company, stated: “This transaction owes much of its success to the unrelenting tenacity and dawn-to-dusk commitment of the Brookfield team, whose partnership with DH Holdings and Elberon Development exemplified collaboration at its finest. We are thrilled to celebrate the lease execution for Building 1 at the Elizabeth Metropolitan Logistics Center, yet our work continues apace. The ±196,087 square foot Building 2 remains a tantalizing opportunity with its 37 docks, 40′ clearance and abundant trailer stalls particularly with leasing momentum increasing since the turn of the year.”
