461 Ridge Road in South Brunswick — Courtesy: Woodmont Industrial Partners
By Joshua Burd
Woodmont Industrial Partners and Sagard Real Estate have completed their update and expansion of a South Brunswick industrial building that now spans 210,000 square feet.
The firms on Tuesday announced the milestone at 461 Ridge Road, which sits less than five miles from the New Jersey Turnpike and is minutes from Route 1. They now hope to capitalize on that location with the conclusion of the multimillion-dollar, dual-stage upgrade, which followed their 2021 acquisition of the property.
Woodmont and the former EverWest Real Estate Investors detailed that plan early last year, noting that they were starting with substantial renovations to the existing 145,000-square-foot industrial facility, including a new sprinkler system, LED lighting, office appendages and dock doors. The second stage involved building a new ground-up 65,000-square-foot addition.
“With access to 33 percent of the U.S. population within a 24-hour drive time, New Jersey’s Exit 8A submarket continues to be a prime location for tenants across industries, from big-box retailers like Home Depot, Amazon and Costco, to specialized uses, such as biotech and pharmaceutical companies,” said Anthony Amadeo, executive vice president of Woodmont. “We’re pleased to announce the successful delivery of another project with our valued partner Sagard Real Estate. The Northeast industrial market continues to present strong fundamentals and opportunities, and we look forward to continuing to expand our presence in the region.”
JLL’s David Knee, Gary Politi and Michael Viera are the leasing brokers for the South Brunswick property, which represents the fourth partnership between Woodmont and Sagard Real Estate. The firms have also teamed for projects in Franklin Township, Rahway and Woodbridge.
“The Ridge Road building has undergone a remarkable transformation into a state-of-the-art facility designed to meet the deep tenant demand in the Exit 8A submarket,” said Krystal Arceneaux, senior managing director and head of asset management for Sagard Real Estate. “We’re excited to complete this project with Woodmont and look forward to delivering more quality industrial space in northern New Jersey.”
Woodmont’s other recent activity in the sector includes a multimillion-dollar renovation of a 30,000-square-foot warehouse and distribution facility at 2 Terminal Road in Lyndhurst. The firm also inked a deal in March in Jupiter, Florida with CarMax, while it announced last October that it secured a long-term lease with R.A.S. Logistics for its recently completed industrial building at 51 New Brunswick Ave. in Woodbridge.
Meantime, construction is underway for a 152,000-square-foot property at 111 Main St. in South Amboy, where Woodmont is partnering with Joseph A. Jingoli & Son Inc. Its next project with Sagard will be a 332,000-square-foot warehouse development on Staten Island, which is slated to break ground this month.
Woodmont, EverWest detail renovation, expansion of South Brunswick warehouse
