Port Newark–Elizabeth Marine Terminal

Seagis Property Group Acquires 30,058 SF Industrial Building in North Jersey

Retrieved on: 
Thursday, November 16, 2023
Port Newark–Elizabeth Marine Terminal, New Jersey Turnpike, Leo Joseph Suenens

EAST RUTHERFORD, N.J., Nov. 16, 2023 /PRNewswire/ -- Seagis Property Group ("Seagis") announced today that it closed on a warehouse facility located at 25 Amor Avenue in Carlstadt, NJ.

Key Points: 
  • EAST RUTHERFORD, N.J., Nov. 16, 2023 /PRNewswire/ -- Seagis Property Group ("Seagis") announced today that it closed on a warehouse facility located at 25 Amor Avenue in Carlstadt, NJ.
  • The building totals 30,058 square feet, features 16' clear ceiling heights, and is situated on +/- 1.5 acres in the Gotham Industrial Park, located within the Meadowlands submarket of Northern New Jersey.
  • The property has excellent access to the New Jersey Turnpike and close connectivity to Manhattan and Port Newark.
  • Seagis purchased the property from private ownership who owned and occupied the building for their business.

Forward Air Announces New Intermodal Drayage Operations in Linden, NJ Servicing Port Newark

Retrieved on: 
Monday, April 10, 2023
Trucking, Transport, Logistics, Supply Chain Management, Port Newark–Elizabeth Marine Terminal, Growth, Texas Air Corporation, LTL, Investment, Forward, Cargo

Today, Forward announced that it will expand its intermodal drayage service offering in the New York and New Jersey area with new operations in Linden, NJ.

Key Points: 
  • Today, Forward announced that it will expand its intermodal drayage service offering in the New York and New Jersey area with new operations in Linden, NJ.
  • Forward Intermodal will operate a secure container drop yard in the area, while cohabitating with an existing LTL terminal which is expected to create transloading efficiencies and improve speed for its customers.
  • Customers can rely on Forward Intermodal’s expertise in servicing major port markets such as Port Newark and gain access to its massive LTL network for expansive shipping options.
  • Tom Schmitt, Chairman, President, and Chief Executive Officer said, “Customer demand continues to drive growth within our intermodal business.

A JOINT VENTURE BETWEEN ONYX EQUITIES AND MACHINE INVESTMENT GROUP ACQUIRES TWO MILLION SF BIOLOGICS RESEARCH AND DEVELOPMENT CAMPUS IN KENILWORTH, N.J., FROM MERCK SHARP & DOHME LLC WITH PLANS TO CONTINUE SITE'S CURRENT USE

Retrieved on: 
Thursday, February 16, 2023
Biotechnology, New Jersey Turnpike, Laboratory, Venture, Patient, Garden, News, Workforce, Port Newark–Elizabeth Marine Terminal, Research, Exit, Garden State Parkway, JLL, Onyx, Newark Liberty International Airport, History, Pharmaceutical industry, Merck

NEWARK, N.J., Feb. 16, 2023 /PRNewswire/ -- A Joint Venture between Onyx Equities, LLC and Machine Investment Group, LLC ("the Venture") has acquired Merck Sharp & Dohme LLC ("Merck") former world headquarters, which features nearly two million square feet of biologics, research, and development buildings on its 108-acre campus in Kenilworth, New Jersey. This closing represents one of the largest New Jersey office and life sciences transactions in history.

Key Points: 
  • NEWARK, N.J., Feb. 16, 2023 /PRNewswire/ -- A Joint Venture between Onyx Equities, LLC and Machine Investment Group, LLC ("the Venture") has acquired Merck Sharp & Dohme LLC ("Merck") former world headquarters, which features nearly two million square feet of biologics, research, and development buildings on its 108-acre campus in Kenilworth, New Jersey.
  • This closing represents one of the largest New Jersey office and life sciences transactions in history.
  • Merck will lease back the entirety of the historic site, vacating in phases over the next several years.
  • We look forward to collaborating with Onyx Equities, LLC and their team members on a smooth transition."

Thor Equities Group Continues Industrial Expansion in New Jersey Market with Strategic Acquisition

Retrieved on: 
Tuesday, September 13, 2022
Thor Equities, City, Thor, Port Newark–Elizabeth Marine Terminal, Population, Acquisition, Pennsylvania Route 222, Newark Liberty International Airport, Route, Anheuser-Busch, River Road, List of highways numbered 21, Collection, GLOBE, Airline

This latest acquisition represents the fourth industrial investment in the past month in the United States following acquisitions in Los Angeles, Savannah, and Tampa.

Key Points: 
  • This latest acquisition represents the fourth industrial investment in the past month in the United States following acquisitions in Los Angeles, Savannah, and Tampa.
  • Given the extremely low supply and strong demand for well-connected assets in New Jersey, this acquisition is especially exciting for us as we expand our footprint in the Northeast, said Chairman of Thor Equities Group, Joe Sitt.
  • Last month, Thor acquired a 13-asset industrial portfolio in Tampa, 11-asset industrial portfolio in Savannah, and premier cold-storage warehouse in Los Angeles leased to Anheuser Busch.
  • About Thor Equities Group: Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide.

IMC COMPANIES AND H&M INTERMODAL SERVICES EXPAND WITH NEW CONTAINER DEPOT IN NEWARK

Retrieved on: 
Thursday, July 14, 2022
IMC, View, H&M, Multimedia, Intermodal freight transport, Port Newark–Elizabeth Marine Terminal

NEWARK, N.J., July 14, 2022 /PRNewswire/ -- IMC Companies and H&M Intermodal Services have jointly opened a new truck and depot terminal in the Newark market at 915 Delancy Street, Newark, New Jersey.

Key Points: 
  • NEWARK, N.J., July 14, 2022 /PRNewswire/ -- IMC Companies and H&M Intermodal Services have jointly opened a new truck and depot terminal in the Newark market at 915 Delancy Street, Newark, New Jersey.
  • This new 10-acre location features a paved, lit, fenced yard with 24-hour security-controlled access and storage for 1,200 containers.
  • "This location brings much needed velocity in the NY/NJ market for those who ship through the ports," says Barry Bernard, president of H&M Intermodal Services.
  • H&M Intermodal Services is part of the IMC Companies family of brands.

EV Edison Names Energy Industry Veteran David M. Daly as President

Retrieved on: 
Tuesday, May 10, 2022
Other Energy, Utilities, Environment, Alternative Energy, Energy, Alternative Vehicles, Fuels, Automotive, General Automotive, Board, COO, Green economy, American Gas Association, New Jersey Audubon Society, Central New Jersey Council, Program, EV, Interstate Highway System, Workforce, Leadership, Newark Liberty International Airport, Long Island Power Authority, PSE, Port Newark–Elizabeth Marine Terminal, Daly, Infrastructure Sustainability Council of Australia, Electric vehicle, Interstate 95, Public Service Enterprise Group, Solution, Growth, Renewable energy

EV Edison Inc., the premier developer and provider of high-power Electric Vehicle (EV) solutions, announced today that David M. Daly has been named president, effective April 25th.

Key Points: 
  • EV Edison Inc., the premier developer and provider of high-power Electric Vehicle (EV) solutions, announced today that David M. Daly has been named president, effective April 25th.
  • He also served as president and COO of PSEG Utilities and Clean Energy Ventures, and Chairman of the Board, President and COO of PSEG Long Island.
  • EV Edison Inc. was recently spun out of Power Edison to focus on providing and developing EV charging solutions.
  • EV Edison is a New Jersey based developer and a provider of large scale high-power EV charging solutions.

Red Hook Container Terminal Announces Operating Performance Results for its Fleet of 10 Heavy-Duty Zero Emission Battery Electric Terminal Tractors

Retrieved on: 
Friday, April 1, 2022
Automotive Manufacturing, Other Transport, Trucking, Fleet Management, Manufacturing, Maritime, Environment, Transport, Automotive, Software, Data Management, Logistics, Supply Chain Management, Technology, Other Energy, Alternative Vehicles, Fuels, Alternative Energy, Energy, Other Manufacturing, General Automotive, CCMT, Wind, Garbage, EV, OOG, Climate change, Environment, BYD, CEO, Software, Technology, Twitter, Goal, Climate, Intellectual property, Engineering, Container port design process, Social responsibility, Carbon, Senior, Industry, Port Elizabeth, Red Hook, Life, NY, Multimedia, CO2, OMEGA, Electricity, Port Authority of New York and New Jersey, Red, BP, Operation, Business development, LinkedIn, Organization, Leadership, Red Hook Container Terminal, Steel, ExpressRail, Facebook, YouTube, Transport, Renewable energy, Port Newark–Elizabeth Marine Terminal, RED HOOK TERMINALS LLC, CLIMATE CHANGE MITIGATION TECHNOLOGIES LLC, BYD, AMPLY POWER

Red Hook Container Terminals LLC announced today the results of the first full quarter of operating performance data for its fleet of ten (10) BYD Motors heavy-duty zero-emission battery electric terminal tractors being operated at its container terminal in Port Newark, New Jersey.

Key Points: 
  • Red Hook Container Terminals LLC announced today the results of the first full quarter of operating performance data for its fleet of ten (10) BYD Motors heavy-duty zero-emission battery electric terminal tractors being operated at its container terminal in Port Newark, New Jersey.
  • The Red Hook fleet represents the single largest deployment of zero-emission battery electric terminal tractors in the eastern United States and the first at a Port Authority of New York and New Jersey marine terminal.
  • View the full release here: https://www.businesswire.com/news/home/20220401005450/en/
    BYD 8Y Trucks in operation at Red Hook under the leadership of Red Hook President Mike Stamatis (Photo: Business Wire)
    I am happy to report that the operating results for the BYD battery electric terminal tractors are truly outstanding, said Mike Stamatis, President & CEO of Red Hook Container Terminal LLC.
  • The Red Hook Terminal and the Port of Newark are a great proving ground for BYDs advanced and innovative battery electric technology.

Terreno Realty Corporation Announces Quarterly Operating, Investment and Capital Markets Activity

Retrieved on: 
Thursday, January 6, 2022
Commercial Building & Real Estate, Construction & Property, REIT, SR 522, LA, COVID-19, Program, Acquisition, Port Newark–Elizabeth Marine Terminal, Elizabeth Center, Form 10-K, Share repurchase, Company, International airport, Newark Liberty International Airport, NYSE, SR 520, NW, Baltimore–Washington Parkway, Risk, Cash, New Jersey Turnpike, North Avenue, Annual report, Contract, Port of Las Palmas, Morgan Avenue station, Capital Beltway, Interstate 680, Special routes of U.S. Route 1, Dwight D. Eisenhower, Paterson Plank Road, I-405, LEED, Morgan Park, Los Angeles International Airport, Sale, Maryland Route 200, Certification, Port, Eisenhower Avenue station, Interstate Highway System, Tenant, I-75, Self storage, Airline, Tunnel, Security (finance)

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the fourth quarter of 2021.

Key Points: 
  • Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the fourth quarter of 2021.
  • As of December 31, 2021, Terreno Realty Corporation owned 253 buildings aggregating approximately 15.1 million square feet and 36 improved land parcels consisting of approximately 127.1 acres.
  • The fourth quarter investment activity was as follows:
    9045 Willows Road: One 0.8-acre improved land parcel in Redmond, Washington, between I-405 and SR 520.
  • Terreno Realty Corporation has approximately $21.0 million of acquisitions under contract and approximately $174.3 million of acquisitions under letters of intent.

City of Newark and NJIT Selected Finalists for $1 Billion Build Back Better Regional Challenge

Retrieved on: 
Monday, December 13, 2021
New Jersey Department of Transportation, Economic development, New Jersey Economic Development Authority, Port Authority of New York and New Jersey, EDA, Challenge, Rutgers University, Transport, City, Commerce, Member of Congress, Artificial intelligence, Faculty, NJIT, Build Back Better Plan, GLOBE, New Jersey Institute of Technology, PANYNJ, Port of New York and New Jersey, Renewable energy, Port Newark–Elizabeth Marine Terminal

Newark, N.J., Dec. 13, 2021 (GLOBE NEWSWIRE) -- U.S. Secretary of Commerce Gina M. Raimondo has announced that a regional coalition led by the City of Newark and New Jersey Institute of Technology (NJIT) is among 60 projects selected as finalists for up to $100 million in funding from the U.S. Economic Development Administrations (EDA) $1 billion Build Back Better Regional Challenge.

Key Points: 
  • Newark, N.J., Dec. 13, 2021 (GLOBE NEWSWIRE) -- U.S. Secretary of Commerce Gina M. Raimondo has announced that a regional coalition led by the City of Newark and New Jersey Institute of Technology (NJIT) is among 60 projects selected as finalists for up to $100 million in funding from the U.S. Economic Development Administrations (EDA) $1 billion Build Back Better Regional Challenge.
  • It was at Congressman Paynes initiative that NJIT began working with the Port months prior to the announcement of the Build Back Better Regional Challenge grant opportunity.
  • The projects selected as finalists for the Build Back Better Regional Challenge are designed to develop or scale industry sectors, train the workforce of today and tomorrow, and build resilient economies.
  • The projects undertaken will be central to the operation of Port Newark and to growing its regional economic impact.

Power Edison Partnership to Develop the Nation’s Largest Electric Vehicle Charging Site in Metropolitan New York Area

Retrieved on: 
Thursday, November 11, 2021
Hardware, Commercial Building & Real Estate, Alternative Energy, Construction & Property, Energy, Alternative Vehicles, Fuels, Technology, Environment, Trucking, Fleet Management, Maritime, Transport, Automotive, Software, Utilities, Climate change, Hydrogen, Port Newark–Elizabeth Marine Terminal, BESS, Kearny, COP26, Organization, CEO, Transport, List of highways numbered 9, Growth, Electric vehicle, Software, GHG, Association, Partnership, Â, EV, Solution, Light, Solar energy, Port, Greenhouse gas, South Kearny, New Jersey, Electric power industry, Renewable energy

Power Edison is engaged with leading organizations such as Hugo Neu to make EV charging accessible and ubiquitous, said Shihab Kuran, Ph.D., CEO of Power Edison.

Key Points: 
  • Power Edison is engaged with leading organizations such as Hugo Neu to make EV charging accessible and ubiquitous, said Shihab Kuran, Ph.D., CEO of Power Edison.
  • Power Edison leverages its innovative solutions, including mobile truck and barge battery systems, to develop fast charging hubs expeditiously.
  • Power Edison is led by industry veterans with experience in power generation, transmission, distribution, power conversion and smart grid.
  • With the significant need for EV charging solutions, Power Edison launched a new subsidiary called EV Edison ( www.ev-edison.com ) dedicated to the development of high-power fast charging hubs.