A rendering of a planned industrial building on Route 17 in Lodi, where Urban Edge Properties is planning to convert a former National Wholesale Liquidators store — Courtesy: Resource Realty of Northern New Jersey
By Joshua Burd
A real estate investment trust is set to convert a former big-box retail site in Lodi into more than 170,000 square feet of industrial space, the property’s leasing team announced Tuesday.
Brokers with Resource Realty of Northern New Jersey are representing the owner and developer, Urban Edge Properties, in marketing the site at Route 17 and Interstate 80. The property is the former home of a National Wholesale Liquidators store, which spans 170,932 square feet.
Urban Edge is now planning to convert the two-level property by optimizing its footprint efficiency, Resource Realty said. Ceiling heights will range from 14 to 26 feet, while the building will feature up to 23 loading docks, a modern sprinkler system, LED lighting with motion detection and a new roof and parking lot.
Delivery is slated for early 2021.
“This gateway location with immediate access to New Jersey’s most direct commercial roadways is now an option for companies looking to tighten operations or locate their ‘last mile’ in exactly the right location,” said Tom Consiglio, principal of Resource Realty of Northern New Jersey. “Delivery times, route efficiencies, a loaded talent pool and the flexibility of the property are distribution game‐changers for the right user, especially with the rising demands of immediacy in e‐commerce.”
Located seven miles from New York City and within a 10‐mile radius of more than 3.6 million residents, the converted building will draw from a labor force of 500,000 within only three miles of the site. The brokerage team touted its prime visibility and branding opportunities along two highways that carry more than 600,000 vehicles daily.
Consiglio is marketing the property alongside Scott Peck, also of Resource Realty, who said “the facility has been of particular interest to wholesale distribution companies who see this as a highly desirable last-mile delivery, e‐commerce and/or reverse logistics site.”