Terreno Realty signs 92,000 sq. ft. industrial lease in Kearny with unnamed logistics tenant

Terreno Realty Corporation has signed a lease for a 92,000-square-foot industrial facility in Kearny, New Jersey, with a third-party logistics (3PL) company whose identity has not been publicly disclosed. The agreement highlights ongoing demand for well-located distribution space in the New Jersey Meadowlands, one of the most active industrial submarkets in the United States.

Deal details and property profile

The transaction covers an approximately 92,000 sq. ft. industrial building in Kearny, a logistics hub favored by companies serving the greater New York metropolitan area. While the tenant has not been named, the lease underscores how third-party logistics providers continue to absorb capacity across northern New Jersey as e-commerce, retail, and consumer goods shippers outsource warehousing and fulfillment.

Why the Meadowlands keep attracting tenants

Kearny and the surrounding Meadowlands offer direct access to the Port of New York and New Jersey, major interstates, and a deep labor pool. That combination has made the submarket a focal point for investors and occupiers seeking last-mile and regional distribution assets.

• Proximity to Port Newark/Elizabeth, a primary East Coast container gateway
• Access to the New Jersey Turnpike, Interstate 95, and Routes 1 and 9
• Sustained tenant demand from 3PLs, retailers, and e-commerce operators

Broader context for the industrial sector

The Kearny deal reflects a wider pattern in which logistics-focused landlords are locking in long-term leases with 3PL operators. Industry analysts have pointed to steady fundamentals in the sector, including the outlook for FMCG logistics market growth through 2033, as well as evolving freight strategies highlighted in coverage of new freight planning models. Regional leasing activity has also remained active, with other major commitments such as a large South Dallas distribution lease by a global logistics provider underscoring the national reach of current tenant demand.