LG Electronics USA Signs 925,000 SF, Full-Building Industrial Lease in Franklin, New Jersey

by Alex Patton

FRANKLIN, N.J. — LG Electronics USA has signed a 925,000-square-foot industrial lease to occupy the entirety of Crow Holdings at Veronica Ave., a single-tenant property currently under construction in Franklin, located approximately 50 miles northwest of New York City. LG produces home and entertainment products, mobile phones, home appliances and commercial displays. The building will feature 40-foot clear heights, 170 trailer parking spots, 159 dock positions and four drive-in doors. Crow Holdings Industrial and The Carlyle Group acquired the site in early 2019 and began speculative construction soon after. The building is slated for completion in March 2020. Stan Danzig and Kimberly Bach of Cushman & Wakefield represented Crow Holdings Industrial.

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