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NEWARK-Forward Air Inc. has signed a lease for 97,526 sf of industrial space at 888 Doremus Ave. here. In an expansion move, the third-party logistics company will relocate its local terminal from 802-814 Bergen St. It is one of 90 terminals and regional hubs operated nationally by the Greenville, TN-based company.
Forward Air was represented by William Waxman, senior vice president; Gary Capetta, first vice president; Nick Nitti, vice president; and senior associate Carrie Brown of CB Richard Ellis, Saddle Brook, NJ. "The location and specialized features of the space, including dock doors for specialized air freight containers, were in place for the company's requirements," Nitti says.
The building's owner, ING Clarion, was represented by Trammell Crow Co. The terms of the lease were not disclosed.
The building at 888 Doremus Ave., totaling some 500,000 sf, is situated adjacent to Newark Liberty International Airport and the Port of Newark/Elizabeth. Much of the rest of the building is occupied by Guaranteed Overnight Delivery, which uses the location as its headquarters.
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