34 Edgeboro Road in East Brunswick — Courtesy: Ridgecut Road
By Joshua Burd
Ridgecut Road has acquired a two-acre industrial service facility in East Brunswick, marking the latest addition to its fast-growing portfolio in the asset class.
In a news release, the firm said the property at 34 Edgeboro Road has a 10,000-square-foot maintenance facility with seven grade-level, oversized drive-in doors. It also noted that prospective users are less than two miles from the New Jersey Turnpike and 20 miles from Port Newark-Elizabeth, part of a high-demand industrial submarket within Middlesex County that also offers strong access to major corridors such as routes 1, 9 and 18 and Interstate 287.
Jordan Avanzato of NAI James E. Hanson and Jason Lundy of JLL arranged the off-market transaction, terms of which were not disclosed, while TJ Sullivan and Mitch Rothstein of Cushman & Wakefield arranged acquisition financing. JLL’s Dean Brody and Gregg Brody are now marketing the property for lease.
Ridgecut Road added that the site is configured as a maintenance facility with drive-in capability and offers 18-foot internal clear ceiling height in the shop space as well as 2,000 square feet of office space, providing functionality to a wide range of service-oriented users in a high-throughput location.
“We are excited to add 34 Edgeboro to Ridgecut Road’s expanding portfolio of low-coverage industrial assets in New Jersey,” said Scott Shalek, a principal of Ridgecut Road. “The property is well-configured, versatile and irreplaceably located within this strategic logistics corridor and dense distribution node adjacent to Interstate 95.”
