NEW JERSEY—Jones Lang LaSalle have secured two new leases totaling nearly 740,000 sq. ft. of combined space at the Pulaski Distribution Center, a build-to-suit distribution center at 295 Routes 1 and 9 in Jersey City, N.J. The Jones Lang LaSalle team of Executive Managing Director Robert C. Kossar, Managing Director David Knee and Vice Presidents Blake Chroman and Christopher Hile represented the property owner, Prologis in the transactions, which included:
• 345,000 sq. ft. for online grocer Peapod, which signed a long-term lease. The firm has been awarded approximately $34.6 million in Urban Transit Hub Tax Credits (UTHTC) approved by the New Jersey EconomicAuthority (NJEDA).
• 495,000 sq. ft. for Imperial Bag & Paper Co., a major provider of paper, packaging and janitorial supplies, which signed a long-term lease. The firm, which will relocate from Bayonne, was approved for $29.1 million in Grow New Jersey credits by the NJEDA.
The Pulaski Distribution Center is located within an Urban Enterprise Zone, approximately three miles from the New Jersey Turnpike. Currently underon nearly 50 acres, the facility is being built on a former brownfield site and is planning for Leadership in Energy and Environmental Design (LEED) certification. Upon completion, the center will include 36-ft. clear ceiling heights, 159 tailgates, four drive-in ramps, 139 trailer storage spaces and more than 350 parking spaces.