Lincoln Equities Group has signed a 109,450-square-foot long-term lease at its Lincoln Logistics Rockland, an industrial facility in Valley Cottage, N.Y.
The tenant is Nationwide Ramp, a residential and business modular ramping supplier, that elevated its footprint in Rockland County and can use the area to kind a brand new company headquarters.
Lincoln Logistics Rockland is a just lately accomplished, Class A distribution heart that features 220,000 sq. ft, inside White Plains, N.Y., a suburban hub north of New York Metropolis that ended final yr among the many high rising industrial markets within the U.S. for its growth exercise and excessive property values.
Positioned at 625 Company Manner, the power is near Interstate 287, in addition to to Palisades Interstate Parkway. Moreover, the Port of Newark-Elizabeth and main airports corresponding to John F. Kennedy Worldwide Airport and Newark Liberty Worldwide Airport are inside a 45-mile radius of the property.
Lincoln Logistics Rockland options 36-foot clear heights, 34 dock doorways, two drive-in doorways, a built-to-suit workplace element, 123 automobile parking spots and 41 trailer parking spots. The property can even embrace enlargement choices of as much as 55 dock doorways and 53 trailer parking spots. The remaining 110,550 sq. ft can be found for lease.
Offers and tasks of two longtime companions
Lincoln Equities Group delivered the constructing with capital accomplice PCCP LLC and with building funds totaling $37.7 million, secured within the type of a bridge mortgage originated by Principal Monetary Group, in line with CommercialEdge.
In the meantime, the duo has a 204,407-square-foot industrial undertaking at present underway within the space. Located 30 miles from Lincoln Logistics Rockland and often known as Belleville Logistics, the two-building industrial undertaking is rising at 681 Fundamental St. in Belleville, N.J. The partnership landed a $53.5 million senior building mortgage for the event in April final yr.
Lincoln Equities Group and PCCP LLC partnered for the primary time in 2021, once they bought a three-building industrial portfolio in the identical space. Simply final month, the companions bought off the 261,950-square-foot asset in a $62.8 million deal.
