b'4American Journal of Transportation ajot.comSPONSORED CONTENTCenterPoint Properties expanding presence in dynamic New York/New Jersey marketBy Paul Scott Abbott, AJOTAsglobalimporterscontinuetoNewark is ideally situated in the heart seek dynamic supply chain alternativesofthenationsleadingconcentration toU.S.WestCoastportcongestion,of affluent consumers, with more than CenterPoint Properties is ambitiously13.5 million people living within a one-expanding its portfolio of logisticallyhour drive and with trucks able to reach advantaged warehouse and distributionsevenstatesandWashington,D.C., within five hours. Signage alongtheadjoiningNew Jersey Turnpike bodes to offervisibilitytonearly facilities along the East Coast, with a400,000 drivers a day.particularfocusonthethrivingNewd ynamICs areB oomIng York/New Jersey market.Dynamics have been booming,Ive never seen anything like it,saidBorner,whocommentedthat RonelBorner,CenterPointsseniortodays shippers are concentrating moreThe CenterPoint at Port Newark property, on target for early 2022 completion, is to offer 185,917 vicepresidentofdevelopment,toldthan ever on getting import goods offsquare feet of warehouse space directly off the New Jersey Turnpike, with Port of New York & AJOT in relating the present vibrant(DYNAMICcontinued on page 7) New Jersey container berths just 2.1 miles away via non-toll roadways.U.S. East Coast industrial real estate development push to his two decades of experience in the sector.Oakbrook, Illinois-headquartered CenterPoint has thus far invested $1.7 billion to amass an impressive port-folioof33propertiesencompassing 7.5 million square feet of warehouse spaceintheNewYork/NewJersey marketalone,accordingtoBorner, whoisbasedoutofthecompanys fast-growing regional office in Saddle Brook, New Jersey.p ortp roxImIty IsK eyDirect overweight access to big-ship berths is a key attribute of attrac-tiveindustrialproperties,including the CenterPoint at Port Newark devel-opment,whichismovingforward toward completion in early 2022 on 12.62 acres only 2.1 miles via non-toll roadways from Port of New York & New Jersey container terminals. This immediate proximity translates to the lowest truck drayage costs from Port Newark and Port Elizabeth berths.The CenterPoint at Port Newark site,locatedat49RutherfordSt. in Newark, just off the New Jersey Turnpike,offersa185,917-square-footwarehousebuildingboastinga 40-foot clear height and 46 exterior docks, while providing parking posi-tionsfor83trailersand168cars. Addingtoitsincentivizedappeal, the property is within a New Jersey Urban Enterprise Zone.Moreover,CenterPointatPort Ronel Borner, CenterPoint Properties New Jersey-based senior vice president of development, is enthusiastically leading expansion of the companys East Coast portfolio, including investment of more than $1.7 billion in 33 properties encompassing 7.5 million square feet of warehouse space in the New York/New Jersey market.'