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Friday, dec 27
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Port of NY/NJ
Business
Amazon Inks Lease On Massive North Jersey 'Last Mile' Delivery Center
Amazon has signed a lease on a 360,000 facility being built on a North Jersey industrial site to be used as a last-mile delivery center. Lincoln Equities Group procured $115 million in industrial build-to-suit construction financing for the facility, expected to be ready in early 2022. Located at the "Highland Cross" industrial site in Rutherford, the state-of-the-art last-mile distribution center will create hundreds of jobs in teh area. Rendering of new Amazon last-mile delivery center in Rutherford.Ford & Associates The property will feature cross-docked loading, 70-plus dock hi…