By Joshua Burd
Bridge Development Partners LLC has selected JLL to market and lease a nearly 200,000-square-foot warehouse and distribution facility that it is building in Wood-Ridge.
JLL will serve as the exclusive leasing agent for the property at 1 Ethel Blvd., known as Bridge Point Meadowlands, JLL said in a news release. The 193,805-square-foot project is slated for completion late this year.
JLL’s leasing team for the assignment includes Robert Kossar, executive managing director; Christopher Hile, senior vice president; and Brian Golden, vice president. The team will work closely with Jeff Milanaik, principal with Bridge Development Partners.
“This project is well situated as one of the only available Class A development sites in the Meadowlands, where modern industrial product only accounts for a small percentage of the total market size,” Hile said in a prepared statement. “As proximity to Manhattan is a primary driver for many industrial requirements, the Meadowlands is expected to see a disproportionate share of New Jersey’s leasing activity through the remainder of this cycle.”
Upon completion, Bridge Point Meadowlands will feature 36-foot ceiling heights, 27 dock doors, one drive-in door, parking for 58 trailers and 134 cars and potential Norfolk Southern rail connectivity, the news release said. The warehouse and distribution facility is within walking distance to the Wood-Ridge NJ transit station and is 10 miles from Manhattan and 15 miles from Port Newark/Elizabeth.
The site is also accessible from the New Jersey Turnpike via Exits 16E and 16W and Interstate 80, along with routes 1, 3, 4, 9, 17, 21 and 46 and the Garden State Parkway.