176-204, 212-240 McClellan storage building

The full picture AI research · Nov 1, 2026

The county records describe a new storage building of about 120,584 square feet on McClellan Street in Newark, classed as moderate-hazard storage. Trade press coverage of a very similar project, called McClellan One, describes a one-building warehouse and distribution facility. It sits on a roughly 10-acre site at the northwest corner of Route 1 and McClellan Street, next to Newark airport.

The trade reports give the size as 120,884 square feet, a small difference from the county figure. They say the building was planned without a signed tenant, with truck docks, trailer parking and tall interior ceilings. One report says an investor group bought the site in 2022. A later headline refers to a construction loan, and a search summary mentions a full pre-lease to a logistics company. Those two items could not be read directly. No hearing records, opposition or approval decisions were found.

What it could mean nearby

• Truck traffic is likely, since the project is described as a warehouse and distribution site with trailer parking and loading docks.
• The site is next to the airport and a major highway (Route 1), which suits freight use.
• Some warehouse and logistics jobs are possible, but no hiring figures were found.
• No homes, schools or open space are part of the proposal in the sources found.

Where it stands

The county filing dates to July 2024, and trade press from 2022 onward suggests the project has since moved toward financing and construction. No city board decision was found. Next steps usually include final site-plan sign-off, building permits and inspections.

• Jul 2024 Latest county filing for the storage building
• Oct 2022 Investors announced the purchase and acquisition financing for the 9.95-acre McClellan One site

Want to weigh in? The Newark Central Planning Board or Zoning Board of Adjustment would typically hear any site-plan or variance matter, but no hearing notice was found.

Who's behind it

Creation Equity, with investors advised by J.P. Morgan Global Alternatives · Trade press names these as the investor group behind McClellan One, a speculative industrial development. A direct link to this county record is not confirmed.

Around the web

• Cushman & Wakefield arranges $27.3M in financing for McClellan One development in NewarkROI-NJ · Oct 13, 2022Describes the 9.95-acre site at Route 1 and McClellan Street, the speculative warehouse and its financing.
• JPMorgan, Creation Equity snap up Newark spec industrialConnect CRE · Oct 14, 2022Confirms the investor group, site and planned warehouse with no tenant named.
• Creation, J.P. Morgan land $64M construction loan for 121,000 sq ft Newark warehouseReal Estate NJHeadline indicates a construction loan for a roughly 121,000 sq ft Newark warehouse; the page could not be read.

Researched by AI from public sources on Nov 1, 2026. It can make mistakes, so check the linked sources and the municipality before relying on it.