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M id A tlantic Real Estate Journal — Northern New Jersey — June 12 - 25, 2020 — 5B
www.marej.com
National beverage company will house ‘White Claw’ storage and distribution center BridgeDevelopment Partners inks industrial lease with Mark Anthony Brewing at Bridge Point 78 P
FORT LEE, NJ — New- mark Knight Frank (NKF) announced the sale of One Bridge Plaza in Fort Lee, on be- half of Mack-Cali Realty Cor- poration . Executive managing director Kevin Welsh, manag- ing director Brian Schulz and associate Jason Emrani of NKF’s Capital Markets group represented the seller in the transaction, along with support from vice chairman and COO of New Jersey, David Simson . The team was also responsible for procuring the purchaser, a private investor. One Bridge Plaza is a 206,500 s/f, 10-story, class A office build- ing that was 69% leased to a di- verse tenant roster at the time of the sale. The property is lo- cated within Fort Lee’s emerg- ing live/work/play lifestyle environment at the entrance to Based in Chicago, Mark Anthony Brewing provides product to essential business- es through local distributors across North America. The company is the second major tenant signed at Bridge Point 78, joining global fashion manufacturer Uniqlo, which in 2019 signed a lease to maintain a 975,761 s/f distri- bution center at the campus. Mark Anthony Brewing was represented by Dan Wilkins of Cushman & Wakefield Chicago, and Bridge was rep- resented jointly by CBRE ’s Pennsylvania and Northern HILLIPSBURG, NJ — Bridge Develop- ment Partners, LLC announced that Mark Antho- ny Brewing, Inc., a producer and distributor of fine wine, premium beer and Ready To Drink beverages, has signed a lease at Bridge Point 78 Phase I for 419,460 s/f. Mark Anthony Brewing will use its space at Bridge Point 78 for the storage and distribution of White Claw beverages. It will begin its seven-year lease inMay 2020, and is expected to employ 100 employees on site once fully operational.
Bridge Point 78 Phase I
New Jersey offices. “We’re excited to welcome one of the country’s most diversified and successful beverage companies to Bridge Point 78, which will create up to 100 jobs for residents of Warren County and the surrounding area,” said Mi- lanaik. “This agreement helps
further establish this area as an emerging hub for distri- bution and fulfillment ser- vices, and we look forward to bringing additional tenants aboard that can fuel contin- ued economic growth across New Jersey and the Lehigh Valley.” With easy access to I-78 and
Route 22 as well as direct, toll-free access to the Port of Newark, Bridge Point 78 is strategically located for the shipping and logistics needs of modern industrial tenants. With space around the Tpke. corridor increasingly in short supply, Bridge Point 78 is meeting the strong demand
for top-of-the-line warehouse facilities with superior high- way connectivity to optimize operations for last-mile deliv- ery users. Construction on Phase II of Bridge Point 78 will begin in Summer 2020 and will encom- pass 1.65 million s/f across two buildings. MAREJ
NKF completes sale of One Bridge Plaza in Fort Lee, NJ
One Bridge Plaza aerial
One Bridge Plaza
the George Washington Bridge, and boasts prominent visibility and a distinct skyline pres- ence. One Bridge Plaza offers exceptional connectivity, with
regional and international ac- cessibility at the nexus of I-80 and I-95 and all three major NYC airports located within a 25-minute drive.
“One Bridge Plaza’s irre- placeable location and visibility offers a rare opportunity to create a best-in-class urban work environment through the
implementation of a strategic capital improvement program and a powerful new brand identity for the property,” said Welsh. MAREJ
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