76 National Road in Edison — Courtesy: JLL
By Joshua Burd
Ridgecut Road has acquired a nearly six-acre industrial service facility in Edison for $24.5 million, securing the property and financing in transactions arranged by JLL.
The listing team said the site, located at 76 National Road, has a functional 25,000-square-foot warehouse with four dock doors, two drive-in doors and a clear height of 16 feet. FedEx Ground Package System currently occupies secured trailer parking at the property, providing stable, investment-grade income, while a regional trucking and logistics firm servicing the ports of New Jersey and New York leases the balance of the 5.5-acre parcel.
JLL’s managing directors Jason Lundy and Nicholas Stefans and Senior Analyst Luke Ceccoli represented the seller, K Group, and procured the buyer in the transaction. Senior Managing Director Michael Klein, Senior Director Max Custer and analysts Kevin Badger and Matthew McManus arranged the financing for Ridgecut Road through a regional bank.
“We continue to see institutional capital flows throughout the IOS sector, especially for assets with functional improvements, investment-grade cash-flow with future upside and immediate highway connectivity to capitalize on the accelerating demand for logistics infrastructure,” Lundy said. “The JLL Capital Markets platform is well-equipped and committed to our growing IOS advisory platform to service our clients throughout the entire deal life cycle.”
Located less than two miles from Interstate 287 and under five miles from the New Jersey Turnpike, the fully occupied site provides direct connectivity to entire tristate region, JLL said. Occupiers can reach more than 244 million consumers — about 73 percent of the U.S. population — within one day’s drive.
The brokerage team added that Port Newark-Elizabeth, the largest port on the East Coast, is 25 miles away and moved more than 8.8 million twenty-foot equivalent units in 2025.
“We are pleased to have assisted Ridgecut Road with the acquisition financing for 76 National,” Custer said. “The Edison submarket’s limited availability for functional IOS properties, coupled with the stable cash flow generated at the property, resulted in an extremely competitive lending landscape, which yielded our client best-in-class results.”
