When finished, the complex would generate $5-$6 million in annual tax revenues, the city has estimated. "This is going to make a major in difference to Linden and to Union County. I'm very excited," said Linden's mayor, Richard Gerbounka.

The logistics company decided to move on the project in light of the new logistics opportunities opened up by the Bayonne Bridge-raising project now under way, its executives said. The raising of the bridge across the Kill van Kull will permit the world's largest container ships coming via a widened Panama Canal route to get to port terminals in Newark, Elizabeth and Staten Island, NY. The Port Authority of New York and New Jersey launched the $1.3 billion project to raise the roadway on the bridge last year.

Meanwhile, Goodman Birtcher and GAF's successor entity, ISP, have agreed to fund the building of an overpass to a working rail line at the industrial site, so it can continue to serve another company in Carteret.

Brandon Birtcher, CEO of Goodman Birtcher, said Linden's entitlement approval builds momentum in the rollout of its development program. “We are targeting logistics locations across the US at the right time to take advantage of the recovery in US investment demand drivers and the limited supply of class A big box warehouse space,” Birtcher said.