Redevelopment of former Daily News site to deliver next-generation logistics facilities with immediate build-to-suit opportunities

JERSEY CITY, NJ – Goodman Group (ASX: GMG), a global provider of essential infrastructure for the digital economy, has completed demolition works and received planning board approval, and is now set to transform the former New York Daily News printing site into a state-of-the-art logistics hub – Goodman Logistics Center (GLC) Jersey City.

The proposed two-building development will deliver up to 427,130 square feet of prime warehouse space across 17 acres, providing modern, sustainable facilities designed to improve customer productivity and responsiveness to New York’s fast-paced delivery environment.

Build-to-suit opportunities are available for a limited time to accommodate a wide variety of uses, including advanced manufacturing, logistics, food and beverage, cold storage, and operations requiring intensive automation or robotics.

The development can provide high-power supply, ample ceiling heights, floor capacity for heavy equipment, and generous trailer parking. With direct access to I-78, close proximity to the New Jersey Turnpike, Holland Tunnel and Port Newark, the site provides exceptional connectivity throughout the Northeast region.

Located at 125 Theodore Conrad Drive, adjacent to Liberty State Park and overlooking Ellis Island and the Statue of Liberty, GLC Jersey City offers an unmatched balance of accessibility and amenity. Its proximity to 14 million residents within a one-hour drive time* from the property helps customers meet rising consumer expectations while tapping into a strong labor market and spending patterns.

The project is anticipated to be delivered by year-end 2026.

“Goodman Logistics Centre Jersey City will set a new benchmark for high-productivity logistics space in one of the most supply-constrained markets in the U.S.,” said Anthony Rozic, CEO of Goodman North America. “Revitalising this iconic site enables us to deliver modern infrastructure that supports the evolving needs of our customers.”

A CBRE team of Kevin Dudley, Chad Hillyer, Nicholas Klacik, and Kate Granahan is spearheading the leasing on behalf of Goodman Group.

*Source: Esri and Michael Bauer Research

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