M id A tlantic Real Estate Journal — Central New Jersey — November 13 - December 10, 2020 — 7B C entral NJ


Woodmont’s commemorates 1st ground-up industrial development with steel raising ceremony Woodmont Properties begins vertical construction on 101,000 s/f industrial facility


OODBRIDGE, NJ — Woodmont In- dustrial Partners

would be possible.” “Working alongside Wood- bridge’s leadership on this exciting new project has been incredibly rewarding and is truly a resounding example of what’s possible when partners share the same vision and the same goal,” said Stephen Santola , Woodmont Proper- ties’ executive vice president and general counsel. “Today is a testament to that shared vision and to each and every person who helped us reach this point and bring an incredible asset to an equally incredible community.” MAREJ

(WIP) , a leading developer and owner of industrial properties throughout the U.S. eastern corridor, today announced the vertical construction on its latest ground-up industrial development, a 101,425 s/f class A distribution center located at 85 New Brunswick Ave. in Woodbridge. WIP was joined by Wood- bridge Mayor John E. McCor- mac and other leaders in the Woodbridge community for a steel-raising ceremony in cel- ebration of the milestone. “We’re incredibly proud to be part of today’s commemora- tive celebration and applaud Woodmont’s hard work and commitment behind this amaz- ing milestone,” McCormac said. “The addition of an asset such as Woodmont’s world-class distribution center will pro- vide long-lasting benefits to the community, and serves as a key indicator of the growth and opportunity Woodbridge has to offer.” Slated for completion in the second quarter of 2021, the fa- cility will feature 36-foot clear heights and 12 dock doors with the option to expand to 24. WIP has retained the CBRE team of executive vice president Mindy Lissner, senior vice president Kevin Dudley and Senior vice president David Gheriani as the property’s exclusive leas- ing agent. Strategically located, the property is situated within a quarter mile of Rte. 440, Rte. 9, New Jersey Tpke. and the Gar- den State Pkwy. The property’s desirable location and building features make it well-suited for last mile distribution, includ- ing e-commerce users in the market who require access to New York City, Staten Island and the outer boroughs. “Today not onlymarks amile- stone for Woodmont Industrial Partners redevelopment proj- ects, it also represents a great deal of cooperation, determina- tion and professionalism be- tween Woodmont and our part- ners in this en deavor,” said Eric Witmondt, CEO of Wood- mont Properties. “Throughout the acquisition process, and as we move forward with construc- tion, we’ve been incredibly for- tunate to work alongside true leaders in local government and in the Woodbridge community — without whom none of this

Shown from left: Viru Patel, Woodbridge Municipal Councilman Stephen Santola, Woodmont Properties EVP and General Counsel John E. McCormac, Woodbridge Mayor Lewis Zlotnick, president, Wood- mont Properties Caroline Ehrlich, executive director, Woodbridge Redevelopment Agency Marta Lefsky, director, Woodbridge Department of Planning Howard Irwin, Senior VP of Construction Steve Varneck- as, Senior VVP & Director of Development Marc Lebovitz, Principal, Woodmont Industrial Partners

Made with FlippingBook - Online catalogs