Woodmont Industrial Companions Celebrates Groundbreaking of Warehouse Property in Woodbridge, New Jersey – Actual Property Weekly
Woodmont Industrial Companions (Woodmont) at the moment introduced the beginning of development at 51 New Brunswick Avenue in Woodbridge, New Jersey. The property will characteristic 54,113 sq. ft of commercial house and is predicted to succeed in completion within the second quarter of 2023.
“We welcome the event at 51 New Brunswick Avenue, because it is not going to solely generate high quality jobs but additionally deliver financial advantages to Woodbridge and our residents long-term,” stated Woodbridge Mayor John E. McCormac. “Woodmont has actually proven its worth as a companion for this city, and we’re honored to have a good time this milestone at the moment alongside a number of members of their esteemed workforce.”
Situated on the border of Fords and Hopelawn, the property will characteristic 32’ clear top ceilings, ample parking, 7 dock doorways with optionally available enlargement to 9, build-to-suit workplace house, and easy accessibility to the New Jersey Turnpike, Backyard State Parkway, Route 9 and Route 440. Woodmont acquired the positioning in April 2022.
“Woodbridge presents an unimaginable alternative for corporations seeking to set up a regional hub, headquarters, or last-mile supply middle, because it gives entry to an distinctive labor pressure and several other important thoroughfares,” stated Anthony Amadeo, Vice President of Woodmont. “In the present day’s groundbreaking marks an thrilling milestone for all stakeholders in Woodbridge as the commercial actual property market in prime areas is in excessive demand. We stay up for beginning development on our latest areas in New Jersey and past.”
Over the previous yr, Woodmont has executed a number of key acquisitions in essentially the most energetic industrial development markets within the nation, including roughly 6 million sq. ft to its portfolio. Most lately, the workforce celebrated the groundbreaking of a 152,100-square-foot Class A warehouse in South Amboy, New Jersey, the development and leasing of a 212,000-square-foot newly constructed Class A warehouse constructing in Jupiter, Florida, and can start the redevelopment and development on 209,000 sq. ft in South Brunswick, New Jersey this Fall. The workforce stays extremely energetic within the northeast, southeast, and southwest areas of the US with over 10 million sq. ft in its energetic pipeline for improvement and/or renovation.
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