Cushman & Wakefield Named Agent for New Linden W/D Property

LINDEN, N.J., Oct. 16, 2009 – Cushman & Wakefield, Inc. has been named exclusive leasing agent for a newly constructed, 385,000-square-foot warehouse/distribution building at 55 Wildcat Way at Linden Airport in Linden. Noah Balanoff, Stephen Elman, and Stan Danzig of the firm’s East Rutherford, N.J., office are handling the assignment on behalf of The Morris Companies, which developed the property on spec.

The team is marketing the structure to tenants with full-building requirements. “This property is ideal for any warehouse user seeking port and New Jersey Turnpike proximity,” Elman said. “The building sits less 3.5 miles from Exit 13 and also provides the potential for rail access.”

55 Wildcat Way was designed with 36’ clear ceilings, 50 cross-docked tailgates, two drive-ins and state-of-the-art systems. “This speculative building offers true Class A accommodations,” Balanoff added. “Its tenant also will benefit from the strength and responsiveness of The Morris Companies, a northern New Jersey-based developer widely recognized for its quality product.”

According to Elman, early interest in 55 Wildcat Way reflects stepped-up leasing demand in the port region, particularly for mid-size warehouse/distribution requirements.

“During the third quarter, we saw a steady increase in demand for requirements of less than 500,000 square feet, as companies again are beginning to make forward-looking real estate decisions based on efficiency both in space and location,” he said. “Within this context, 55 Wildcat Way is well positioned competitively.”


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