Hillwood's New Industrial Development
Hillwood, a prominent player in the industrial real estate sector, has made a significant move with the groundbreaking of a new project on Kuser Road. This development spans 36 acres and is a part of Hillwood's strategy to enhance its portfolio in key logistics markets. The site, strategically located within a major logistics hub, presents excellent opportunities for growth and accessibility.
Prime Location and Accessibility
The Kuser Road site is ideally positioned just 1.5 miles from a major interstate exit, granting direct access to the New Jersey Turnpike and the expansive Northeast Corridor. This prime location is within one of the most sought-after logistics hubs along I-95, providing immediate connectivity to Central New Jersey's skilled workforce as well as the densest consumer base in the nation. This accessibility is advantageous for any potential tenants, meeting their distribution and operational needs effectively.
Commitment to Quality and Long-term Value
"The commencement of construction at Kuser Road signifies our confidence in the future of the industrial market and our commitment to projects that offer long-term value for our tenants and surrounding communities," stated Ben Rosen, Hillwood's NY/NJ Market Leader. This reflects Hillwood's intent to invest wisely in developments that stimulate local economies and support employment growth.
Project Highlights
The Kuser Road development comes with various benefits, including:
- Site Size: 36 acres, allowing for expansive operations.
- Labor Access: Located within a strong workforce region, able to meet diverse labor needs.
- Proximity: Close to major interstates, enabling rapid logistics operations.
- Performance Design: Planned features include a 36' clear height and efficiently spaced columns.
- Completion Dash: Groundbreaking has been realized with an anticipated completion year, ensuring timely delivery.
Partnerships Driving Growth
In collaboration with Cushman & Wakefield, Hillwood aims to execute a shared vision of smart, effective growth in New Jersey. Chuck Fern, a broker with Cushman and Wakefield, praised the relationship: "The innovative foresight that Hillwood demonstrates is exceptional. We are enthusiastic about this project and its potential impact on the market." This collaboration is an integral part of the project's success.
Continued Expansion in New Jersey
The groundbreaking at Kuser Road aligns with Hillwood's broader strategy of expanding its footprint in New Jersey. The company's focus on well-located properties strengthens the region's supply chain infrastructure and enhances its logistics ecosystem.
Contact Information
For more details on leasing and the development at Kuser Road, parties interested can contact:
Chuck Fern at chuck.fern@cushwake.com
and Jason Barton at jason.barton@cushwake.com.
About Hillwood
Hillwood is fundamentally focused on acquiring and developing high-quality industrial properties, boasting an extensive portfolio of 292.8 million square feet across the United States and abroad. The company has built a strong reputation for its innovative approach to partnerships and developments, maintaining one of the largest land banks targeted for future projects. Their expertise and market insight continuously shape the industrial landscape to meet evolving logistics and distribution demands.
Frequently Asked Questions
What is the purpose of the Kuser Road development?
The development aims to create a significant industrial space that enhances logistics capabilities in a prime location.
Who is leading the Kuser Road project?
The project is spearheaded by Hillwood, a company renowned for its industrial developments, with Ben Rosen overseeing the operations.
What are the anticipated benefits of the site?
The site offers excellent accessibility to major interstates, a strong labor market, and strategic advantages for potential tenants.
When is the project expected to be completed?
The completion timeline is targeted for 2026, emphasizing timely execution of the project.
How does Hillwood contribute to local economies?
By investing in developments like Kuser Road, Hillwood promotes job creation and supports existing economic structures within the communities they operate in.
