Bridge Development Partners Secures Industrial Lease With UNIQLO at Bridge Point 78, Former Ingersoll Rand Site, in Lopatcong Township and Phillipsburg, N.J.
Bridge Development Partners, LLC announced today that Japanese clothing designer, manufacturer and retailer UNIQLO has signed a lease at Bridge Point 78, as one of the largest tenants in its six-warehouse, 3.85 million-square-foot complex in Phillipsburg, N.J., that was recently ranked as the nation’s largest new industrial development of 2019.
UNIQLO’s new warehouse will occupy significant size of space in the park’s second largest building, the largest in the initial phase of the project. The Class-A, state-of-the-art warehouse building will feature 40-foot clear ceiling heights and ample trailer and truck parking, and will enable cross-docking.
Construction on Phase II of Bridge Point 78 will begin in Summer 2020 and will encompass 1.65 million square feet across two buildings.
The agreement marks Bridge’s largest lease to date nationally across its five-market portfolio.
“In developing Bridge Point 78, we sought to catalyze the local economy by delivering a state-of-the-art complex that would attract industrial occupiers of a global caliber,” said Jeff Milanaik, Partner, Northeast Region at Bridge Development Partners. “Uniqlo’s decision to establish a major warehouse here is significant validation of this vision, and reflects the unique location and quality advantages that Bridge Point 78 affords. We are thrilled to have the opportunity to create a transformational project that will bring jobs to both Phillipsburg and Lopatcong Township, and look forward to welcoming additional star tenants to the complex in the coming months.”
City and township officials have been instrumental in the stewardship of this project, helping to secure the approvals and tax incentives that made the project possible. Mayor James Mengucci of Lopatcong Township and Mayor Steve Ellis of Phillipsburg embraced Bridge’s vision for both the project and the region, and continue to be invaluable to the ongoing success of the development.
With easy access to I-78 and Route 22 as well as direct, toll-free access to the Port of Newark, Bridge Point 78 is strategically located for the shipping and logistics needs of modern industrial tenants. With space around the Turnpike corridor increasingly in short supply, Bridge Point 78 is meeting the strong demand for top-of-the-line warehouse facilities with superior highway connectivity to optimize operations for last-mile delivery users.
CBRE’s Northern New Jersey and Lehigh Valley teams represented Bridge in the lease transaction, while Adam Citron of JLL represented UNIQLO.
“UNIQLO is one of the world’s leading retailers that was looking for a larger warehouse facility for its expanding business,” said Citron. “The brand will benefit from cost savings due to reduced transportation costs as well as the area’s abundant labor pool.”
