461 Ridge Road in South Brunswick — Courtesy: Woodmont Industrial Partners/EverWest Real Estate Investors
By Joshua Burd
Construction is underway on a plan to overhaul and expand a South Brunswick industrial building, under a project by Woodmont Industrial Partners and EverWest Real Estate Investors.
According to the firms, the property at 461 Ridge Road is currently home to 145,000 square feet on 12 acres. The team is now in the midst of a major renovation of the existing space and the addition of 65,000 square feet, with completion slated for summer 2023.
“New Jersey’s Exit 8A submarket affords access to 33 percent of the U.S. population in a 24-hour drive time, making it an ideal location for companies looking to decrease transportation time and costs,” said Anthony Amadeo, an executive vice president with Woodmont. “We truly value our relationship with EverWest and are proud to partner with them on this project to further contribute to the supply of quality industrial space in a highly resilient market that continues to be in high demand.”
Upon completion, the property will feature what the firms described as ample surface parking, 30 loading doors, four drive-in doors and 32-foot ceiling heights within the expanded areas. Details on the project come just over two years after Woodmont and EverWest acquired the site, which is about a mile west of Route 130.
David Blitt and Eli Harari of Bussel Realty Corp. will serve as the property’s leasing brokers.
“Real estate and leasing fundamentals in this market remain strong and EverWest is looking forward to the delivery of several successful projects with Woodmont in 2023, including 461 Ridge Road,” said Krystal Arceneaux, EverWest’s head of asset management.
The project marks the fourth partnership for Woodmont and EverWest, which have also teamed for developments or investments in Franklin, Rahway and Woodbridge.