Woodbridge Crossing at 475 Green St. in Woodbridge — Courtesy: Onyx Equities
By Joshua Burd
Onyx Equities LLC has launched a multimillion-dollar renovation at a 285,000-square-foot shopping center in Woodbridge, where it has inked more than 100,000 square feet in new leases and renewals over the past year.
The real estate investment and development firm said the upgrades at 475 Green St., known as Woodbridge Crossing, are meant to enhance a property within a high-barrier retail market along Route 1 in Woodbridge and Edison. The complex, which is adjacent to the Woodbridge Center Mall, sits at the crossroads of routes 1 and 9.
The renovations launched last fall, with initial phases including a complete overhaul of the parking deck and the installation of new, highly visible lit pylon signs at the center’s entrances on Route 1, Green Street and Quality Way entrances, Onyx said. The firm also plans to create internal directional signage, full-site lighting LED conversion and extensive façade restorations.
Later phases will include parking optimization and restriping that will improve traffic flow and result in the addition of over 40 new parking spaces in the property’s central parking field.
The plans follow more than 65,000 square feet of new leasing activity closed by the Woodbridge-based firm and its leasing agent, Sabre Real Estate Group. In recent months, Woodbridge Crossing has attracted a 42,508 square-foot lease with indoor entertainment company Altitude Trampoline Park and a 20,800-square-foot lease with Planet Fitness.
Other new tenants include Miracle Ear, which took the remaining 1,982-square-foot unit within the now fully leased pad building, according to a news release. The owner has also inked more than 42,000 square feet of renewal activity with tenants such as Thomasville Furniture, Modell’s, Party City & Sprint.
“Woodbridge Crossing has experienced significant leasing activity over the past 12 months,” said Matthew P. Flath, Onxy’s vice president for retail leasing. “Our ongoing capital improvements to increase brand visibility and improve consumer experience will perpetuate that momentum and lead to greater demand from retailers who would like to join anchor tenants Burlington Coat Factory and Big Lots.”
