Goodman North America will soon be developing Goodman Industrial Center Carlstadt II – a modern sustainable logistics distribution center, offering customers a last-mile supply chain solution to reach a population of more than 15 million in Central New Jersey and New York City.
“With the overwhelming majority of consumers expecting two-to-three-day delivery as a baseline, our sustainable supply chain solutions for the digital economy are an opportunity to meet rising delivery and service expectations, reduce transport costs and the related carbon emissions,” said Anthony Rozic, CEO of Goodman North America.
As expectations rise and demand for sustainable properties grows, so too does Goodman Group’s footprint in the U.S. with high-quality, sustainable logistics centers strategically located near large consumer populations, ports and major cities.
Carlstadt II is part of Goodman’s larger sustainability strategy of brownfield regeneration, which revitalizes previously developed sites that are no longer in use or out of date, and require regeneration or remediation by specialists like Goodman to turn them into productive multi-use facilities. By replacing or repurposing outdated buildings found on brownfield sites, the quality and performance of existing building stock can be improved without requiring additional land. In a market like New Jersey, with a growing population, urbanization and land scarcity, this is particularly important.
In addition to the environmental benefits, customers also benefit under New Jersey’s incentive programs, which authorize municipalities to grant developers exemptions from traditional property taxes for a set period of time when regenerating local sites.
More efficient modern docks and clearance heights
The Northern New Jersey submarket is in high demand, with Goodman Industrial Center Carlstadt II offering a point of difference. More than 75 percent of the surrounding market is made up of industrial buildings dating back to the 1960s and ‘70s when dock clearances were a mere 28 feet. In contrast, Carlstadt II has thirteen dock doors with 40-foot internal clearance heights, which enhances supply chain efficiencies. Moreover, the center includes design elements to be built to LEED certification standards.
Strong demand for Northern New Jersey location
Speaking to the Northern New Jersey market demand, Bill Waxman, Vice Chairman of Cushman & Wakefield, the listing broker representing Carlstadt II, said, “There are currently over 30 million square feet of active requirements in the market and over half of the industrial product under construction has been pre-leased, demonstrating strong demand for industrial space in the New Jersey area. We expect the current 2.5% vacancy rate to decline, which further reinforces the strong demand for these assets and this unique opportunity offered by Goodman.”
Contributing to Carlstadt’s economy
Goodman Industrial Center Carlstadt II will also contribute to the local economy through employment generation, bringing a range of expertise and qualifications during the development and operational phases.
“I want to thank the team at Goodman, a terrific community partner, for redeveloping this site and adding new employment opportunities. The new 100,000 SF building will be a welcome addition to our community. The Goodman Logistics Center in Carlstadt will be the benchmark for what can be achieved when local government and responsible business partners commit to community development,” stated Mayor Robert Zimmermann, Borough of Carlstadt.
Goodman Industrial Center Carlstadt II will be available for lease from Q3 2023. The property is located at 333 Washington Avenue Carlstadt, NJ 07072. For more information about Goodman North America or the Carlstadt property, please visit us.goodman.com or follow Goodman Group on Twitter and LinkedIn.