Newark, NJ — The S.Hekemian Group LLC has broken ground on 120 Frontage Rd. in Newark. JLL will serve as leasing agent for the under-construction, 75,900 s/f warehouse, providing a full range of marketing and leasing services for the project.The JLL professionals overseeing the new leasing assignment include Frank Recine, executive managing director, Brian Golden, managing director, and Gary Politi, senior vice president. They will work closely with Peter Hekemian, senior managing director, with The S.Hekemian Group.“This new facility will add much-needed modern warehouse and distribution space to the Newark market, which has been held back by a limited supply of Class A industrial product,” said Golden. “The facility’s proximity to Newark Liberty International Airport, the Port of Elizabeth and the Port of Newark, and its immediate access to Route 78, and the New Jersey Turnpike make this an ideal location.”“The single-story 120 Frontage Road will comprise 75,900 s/f of modern warehouse space.” said Recine. “Demolition has already begun on the existing parking lot and structure, with construction of the new facility expected to be completed later this year. The new warehouse will offer a 36-foot clear ceiling height, 19 loading dock doors, one drive-in door and 46 parking spaces.”JLL formed its Northeast Industrial Region in early 2017, combining its industrial brokerage operations in Connecticut, New Jersey, New York and Pennsylvania into a single region. The firm merged its industrial business lines to better serve clients that increasingly view the industrial sector in all four states as one large interconnected market. The Northeast Industrial Market comprises approximately 1.54 billion s/f of industrial space, and represents the largest industrial market in the United States. READ MORE
75,900 s/f