190 Wood Ave. South in Woodbridge — Courtesy: JLL
By Joshua Burd
A newly renovated light industrial building within the Metropark section of Woodbridge has changed hands, following a $19.35 million transaction arranged by JLL.
The firm’s New Jersey capital markets team represented the seller of the 154,788-square-foot property, 190 Wood Ave. South, which is fully leased to CBS Broadcasting Inc. An undisclosed buyer purchased the property.
JLL Senior Managing Director Jose Cruz, directors Marc Duval and Jordan Avanzato and Associate Grace Braverman completed the assignment.
“There was great interest in this asset given its location and current use,” Cruz said. “It’s a rare opportunity to acquire a property with long-term flexibility and optionality that can support logistics, storage and other uses in the Metropark submarket.”
Situated on 7.72 acres, 190 Wood Ave. South is part of the 34.5-acre Metropark business campus, providing quick access to Route 1, the Garden State Parkway and the New Jersey Turnpike. The 37-year-old property was renovated in 2019, a lower level, a 24-foot ceiling height, two dock-high doors and two drive-in doors.