With a goal of expanding its international service offering in the U.S. with a strategic location near major transportation hubs, OmLog, a global logistics service provider for luxury fashion products, has leased more than 100,000 square feet at Goodman Industrial Center Murray Hill in East Rutherford, N.J.
OMLog offers tailor-made supply chain solutions and retail assortments for national and international distribution. Goodman Industrial Center Murray Hill, owned and managed by Goodman Group, noted that its prime Meadowlands location in Bergen County is within 18 miles of New York City and has close proximity to multiple international airports.
“With the growing demand for our logistics services in the U.S., driven by the expansion of our international customers, we made the decision to partner with Goodman Group with a 10-year lease,” OmLog CEO Marco Palazzi, said. “The decision to work with Goodman was heavily based on our previous positive relationship in Asia. While OmLog has been outgrowing facilities year after year due to demand, Goodman has been a trusted partner in providing facilities that can handle our capacity in strategic locations within close proximity to our customer base.”
Real estate services and investment firm CBRE said in a recent report that 3PLs accounted for more than 50 percent of the 50 largest U.S. warehouse leases in the first half of 2018. Nationally, 3PLs have expanded their real estate footprint by 3 percent to 5 percent annually.
Goodman Industrial Center Murray Hill features enhanced automation requirements and new power systems “that are not an industry standard but a bonus of working with Goodman,” Anthony Rozic, CEO of Goodman North America, noted. “We focus on achieving supply chain efficiencies for our customers and making sure the facility is tailored to the customer’s needs by making any improvements required to achieve their business goals.”
With the luxury online fashion market set to more than triple by 2025, the company anticipates high demand from online marketplace platforms for high-quality fashion logistics providers like OmLog, “calling for logistics facilities in the New Jersey market.”
And with apparel and retail sales in the U.S. forecast to reach $138.7 billion by 2022, companies are seeking tech-enabled logistics spaces with proximity the major consumer and transportation centers. Goodman also operates the 179,303-square-foot Goodman Industrial Center Huyler, located less than seven miles from New York City in Teterboro, N.J.
Goodman Group is one of the world’s largest industrial property groups, with a global network spanning 17 countries and more than $30 billion of assets under management. With a $2.7 billion development pipeline in the U.S., Goodman is an active developer in the New Jersey market and is currently pursuing new development and value-add acquisition opportunities.