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Cushman & Wakefield Inks 82,250-Sq.Ft. O’Neill Logistics Lease in Avenel, N.J.

| April 28, 2015 | 0 Comments

Cushman & Wakefield of New Jersey, Inc.1AB Terminal Way
One Meadowlands Plaza
East Rutherford, New Jersey 07073

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Full-Building Lease Doubles Growing 3PL Provider’s Local Operation

AVENEL, N.J., April 28, 2015 – O’Neill Logistics has leased an 82,250-square-foot warehouse/distribution property in Avenel, announced commercial real estate services firm Cushman & Wakefield. The Eden Wood Realty property at 6AB Terminal Way sits adjacent to the third-party logistics firm’s headquarters operation; it effectively doubles its local operation.

Industrial leasing specialists Dan Badenhausen and Andrew Stypa, based in Cushman & Wakefield’s Edison, New Jersey, office, represented the landlord and tenant in the long-term transaction. The team maintains long-standing relationships with senior management from both organizations.

Founded in early 2013 through the merger of O’Neill Consultants, ONF Systems, Metro Logistics and the California operation of ADI Logistics, O’Neill Logistics offers core competencies in logistics, transportation and supply chain management. Its consulting division assists clients of all sizes in operating efficient global and domestic supply chains.

“O’Neill Logistics experienced significant growth during its first full year of operation,” Badenhausen noted. “When it became clear the firm required space to accommodate a significant expansion, we looked at properties throughout the regional market area – where large blocks are increasingly difficult to come by as the industrial market tightens. At the end of the day, a building right in our client’s own back yard provided the perfectfit, offering ample ceiling heights for a complex racking system and 18 loading doors.”

O’Neill Logistics CEO Robert J. O’Neill noted that his firm is experiencing significant growth at all of its gateway facilities – especially within East Coast markets as importers and retailers redistribute their supply chains in anticipation of the 2017 Panama Canal expansion and continued decline of the West Coast gateways.

“Importers are increasing inventory levels in anticipation of continued challenges within the global supply chains,” O’Neill said. “Cushman & Wakefield assisted in finding an expansion facility to accommodate a recent contract award within 60 days, and expedited the lease negotiations to assist with our short timelines “

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