When vertically integrated real estate operating company and investment manager Bridge Industrial set out to reimagine the former Ingersoll Rand site in Phillipsburg, it had to work closely with municipal and other regional partners. Following extensive geotechnical and environmental remediation, the site was ultimately transformed into a state-of-the-art industrial campus titled Bridge Point 78 Phase II.
With construction of the $235 million Phase II and the securement of a full-building, long-term tenant lease, Bridge Point 78 created 300 new construction jobs.
The premium property features 40-foot clear heights, single- and cross-docked loading configurations, and ample parking for both trucks and cars, which spans two miles along Route 22. A solar power source was installed on part of the property that had formerly been a landfill.
//njbia.org
