SHORT HILLS, N.J. – April 7th, 2026 – The Blau & Berg Company, a premier commercial real estate brokerage firm serving New Jersey and the Tri-State area since 1932, today announced the successful brokerage of a lease for a 10.36-acre parcel of industrial land at 104 Foundry Street in Newark, New Jersey. Jason M. Crimmins, CCIM, SIOR, and Kenneth F. Crimmins, CCIM, SIOR, represented the landlord in the transaction.
The property is situated in one of Newark’s most strategically located industrial corridors, offering direct access to Port Newark/Elizabeth Marine Terminal, Newark Liberty International Airport, and major transportation arteries including the New Jersey Turnpike (I-95), Interstate 78, and Routes 1 & 9. Zoned for industrial use with excellent visibility and robust infrastructure, the site is ideal for distribution, logistics, outdoor storage, vehicle rental operations, or future development opportunities in a market with sustained strong demand from e-commerce and supply-chain users.
Hertz Corporation, a global leader in vehicle rental and mobility solutions founded in 1918, has long maintained a significant operational presence at the location for its car and box truck rental services. This long-term lease agreement allows Hertz to continue its established operations at this prime site while securing stability for its mobility business in the heart of one of the nation’s busiest logistics hubs.
In conjunction with the Hertz lease, 9 acres of the site remain available for lease. The remaining acreage is highly divisible and can accommodate users seeking 1.5 acres, 3 acres, 4.5–6 acres, or the full 9 acres. The asking rent is $29,500 per month per acre, triple net (NNN).
“We are thrilled to have negotiated this lease on behalf of the landlord for the Hertz Corporation at 104 Foundry Street,” said Jason M. Crimmins, CCIM, SIOR. “This 10.36-acre site represents a rare and highly desirable industrial land opportunity in Newark. Its exceptional location with immediate access to major highways, the port, and the airport made it an ideal fit, underscoring the continued strength and attractiveness of Newark’s industrial market.”
The Blau & Berg Company specializes in the sale, leasing, and investment of industrial, office, retail, and land properties throughout New Jersey and the surrounding region. With a team of experienced professionals, the firm delivers exceptional results for clients through deep market expertise, strategic marketing, and personalized service.
