Sale of new Livingston logistics site signals successful redevelopment

West Essex Logistics Center is a 293,887-square-foot industrial property located at 8 Peach Tree Hill Road in Livingston. - CUSHMAN & WAKEFIELD CIT...

May 31, 2023
10:22 PM

West Essex Logistics Center is a 293,887-square-foot industrial property located at 8 Peach Tree Hill Road in Livingston. - CUSHMAN & WAKEFIELD CIT Bank moved from its Livingston headquarters to Morristown after securing a tax incentive from the state to keep the base in New Jersey . That left a vacant office building at the property. As sectors shift, and empty office space adds up, the site is becoming a logistics asset. And that transformation into the 293,887-square-foot West Essex Logistics Center has proved successful, evidenced by the sale of the redeveloped space, which was announced by Cushman & Wakefield May 31.

Jessica Perry