May 28, 2019
TypeDeal, Press Release
LocationNew Jersey/New York
Bridge Development Partners, LLC announced today its acquisition of a 7.47-acre property in Edison, N.J., where it plans to develop a 124,560-square foot industrial facility, Bridge Point Edison.
The Class-A facility, located at 150 Whitman Avenue in Edison, will feature 36-foot clear ceiling heights, 23 exterior docks, five trailer positions, parking for up to 62 cars, and one drive-in door. The development plan also includes two designated office spaces within the facility, each totaling 1,892 square feet.
Bridge Point Edison’s size configurations will make it ideal for accommodating small to medium-sized users, particularly last-mile delivery tenants, due to its proximity and accessibility to and from the Interstate highway network connecting the large population in the New Jersey/New York Metro area.
The project is expected to be delivered in Q1 of 2020.
“The industrial market as a whole is seeing strong demand for space that works for users large and small with good highway connectivity, particularly as space along the Turnpike corridor becomes increasingly scarce. We selected this site due to its incredible accessibility to New Jersey/New York metro population and feel that our Bridge Point Edison design will specifically draw the attention for last-mile delivery users,” said Jonathan Pozerycki, Vice President at Bridge Development. “The Township of Edison has been extremely helpful in this process, and we’re excited to bring this well-located facility to the market.”
Bridge Point Edison is located within two miles of the north-bound entrance and exit of Interstate 287, and within 2.5 miles of south-bound entrances and exits of I-287 – providing immediate access to I-95 via Exit 10 within minutes. It’s also in close proximity to both a FedEx Ground facility and an Amazon sort facility in Edison.
Barry Cohorsky, Andrew Kirshenbau, Barry Mayer and Arthur Hixson of NAI James E. Hanson brokered the deal for Bridge.
Bridge Point Edison is the latest in a series of acquisitions and developments for Bridge in the New Jersey/New York Metro area. In the last fifteen months, Bridge has announced plans for Sunset Industrial Park in Brooklyn – the largest planned multi-story industrial development in the country – as well as Bridge Point Somerset located in Franklin Township along I-287 and Bridge Point 78 in Phillipsburg, N.J., which was recently ranked as the nation’s largest industrial project of 2019.