Key Takeaways
- • Prologis is advancing a 379,000-square-foot warehouse development in Bergen County, New Jersey, with an expected delivery target of early 2027, expanding the company's dominant position in the Northeast logistics market.
- • The Bergen County project represents continued capital deployment by Prologis in high-demand industrial real estate, complementing the company's broader $3.1 billion acquisition program to add nearly 14 million square feet of logistics properties.
- • Prologis holds one of the largest industrial portfolios in the New Jersey and New York region, with 220 properties totaling over 55 million square feet, positioning the company to capitalize on sustained demand for last-mile and fulfillment logistics facilities.
- • The development aligns with record leasing activity across Prologis's 1.3 billion-square-foot global portfolio, with the company raising its 2026 earnings outlook to $3.80–$4.05 per share on the strength of near-96% expected occupancy rates.
Summary
Prologis is progressing on a new 379,000-square-foot warehouse facility in Bergen County, New Jersey, with delivery anticipated in early 2027. The project reflects the logistics real estate leader's ongoing capital deployment in one of the nation's most strategically important industrial markets serving the New York metropolitan region and broader Northeast supply chain networks.
Bergen County continues to be a cornerstone market for Prologis's Northeast operations. The company currently operates 220 properties across New Jersey and New York totaling more than 55 million square feet, making it one of the largest industrial real estate owners in the region. Recent activity in the market includes Prologis's acquisition of a 126,000-square-foot industrial building in nearby Teterboro, demonstrating the company's commitment to expanding its footprint in Bergen County's premium logistics corridor.
The Bergen County development occurs against a backdrop of exceptional market conditions for Prologis. In the first quarter of 2026, the company logged record warehouse leasing of 64 million square feet, driving management to raise its full-year earnings guidance to $3.80–$4.05 per share from a prior forecast of $3.70–$4.00 per share. The outlook assumes expected occupancy of approximately 96% across the company's 1.3 billion-square-foot global portfolio. Growth has been fueled in part by custom warehouse leasing for data center operators and demand for e-commerce fulfillment facilities.
Prologis is executing an ambitious acquisition and development program, with the company committing $3.1 billion to acquire nearly 14 million square feet of industrial properties. The Bergen County warehouse project is part of this strategic initiative to meet persistent demand for modern, well-located logistics facilities in supply chain-critical markets.
Bergen County continues to be a cornerstone market for Prologis's Northeast operations. The company currently operates 220 properties across New Jersey and New York totaling more than 55 million square feet, making it one of the largest industrial real estate owners in the region. Recent activity in the market includes Prologis's acquisition of a 126,000-square-foot industrial building in nearby Teterboro, demonstrating the company's commitment to expanding its footprint in Bergen County's premium logistics corridor.
The Bergen County development occurs against a backdrop of exceptional market conditions for Prologis. In the first quarter of 2026, the company logged record warehouse leasing of 64 million square feet, driving management to raise its full-year earnings guidance to $3.80–$4.05 per share from a prior forecast of $3.70–$4.00 per share. The outlook assumes expected occupancy of approximately 96% across the company's 1.3 billion-square-foot global portfolio. Growth has been fueled in part by custom warehouse leasing for data center operators and demand for e-commerce fulfillment facilities.
Prologis is executing an ambitious acquisition and development program, with the company committing $3.1 billion to acquire nearly 14 million square feet of industrial properties. The Bergen County warehouse project is part of this strategic initiative to meet persistent demand for modern, well-located logistics facilities in supply chain-critical markets.
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