A rendering of Bridge Point Edison at 150 Whitman Ave. in Edison — Courtesy: Bridge Development Partners
By Joshua Burd
Bridge Development Partners has completed its acquisition of a nearly 7.5-acre parcel in Edison, where it plans to build a new 124,560-square foot industrial facility.
The developer said the project, which is slated for delivery early next year, will target small to midsized users seeking a so-called last-mile location for deliveries. The property at 150 Whitman Ave. is minutes from Interstate 287, providing quick access to Exit 10 of the New Jersey Turnpike and the rest of the region’s vast highway network.
“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,” Jonathan Pozerycki, a vice president in Bridge’s Parsippany office. “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.
“The township of Edison has been extremely helpful in this process, and we’re excited to bring this well-located facility to the market.”
NAI James E. Hanson’s Barry Cohorsky, Andrew Kirshenbaum, Barry Mayer and Arthur Hixson brokered the deal for Bridge, whose plans call for 36-foot clear ceiling heights and 23 exterior docks. The building is also slated to include five trailer positions, parking for up to 62 cars and one drive-in door, along with two designated office spaces of 1,892 square feet each.
March Associates Construction Inc. is managing the construction for the project.
Bridge also touted the site’s proximity to both a FedEx Ground facility and an Amazon sort facility in Edison.