Goodman Group Develops $350M Logistics for Built-to-Suit Opportunities
Australia-based Goodman Group and its wholly owned North American subsidiary, Goodman Birtcher, received entitlement approvals for the development of a proposed $350 million logistics center in Linden, N.J. The proposed project is part of the $1.4 billion development pipeline in the key U.S. logistics markets of California, Pennsylvania and New Jersey, which provides the ability to develop 15 million square feet of new class A logistics space.
The proposed development will offer a combined total of over 2.8 million square feet of logistics space across five high-grade distribution warehouses, which are to be delivered in three phases.
The proposed logistics center, to be named Goodman Logistics Center Linden, will be strategically located in close proximity to major road, air and sea infrastructure, including direct access to the New Jersey Turnpike and just seven miles to Newark International Airport and the Port of Newark.
“We are very pleased to announce the City of Linden’s entitlement approval for this significant redevelopment project in New Jersey, which will be our first in the Northeast,” says Brandon Birtcher, chief executive officer of Goodman Birtcher. “It builds further momentum in the rollout of our $1.4 billion development program, targeting logistics locations across the U.S. at the right time to take advantage of the recovery in U.S. investment demand drivers and the limited supply of class A big-box warehouse space.”