S hopping C enters N ew J ersey /P ennsylvania

M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B


Ground-up project to bring class A warehouse space to redevelopment zone Woodmont Industrial Partners & Jingoli celebrate groundbreaking in South Amboy, NJ

OUTH AMBOY, NJ — Woodmont Industrial Partners (WIP) and Jo- seph Jingoli & Son, Inc. (Jingoli) held a groundbreak - ing ceremony at 111 Main St. in South Amboy. Located in the Broadway/Main Street redevel - opment zone, the site spans 22 acres and will comprise 152,100 s/f of class A warehouse space at completion. “The development at 111 Main Street will benefit South Amboy both economically and socially for years to come,” said South Amboy Mayor, Fred S

Jersey location, less than 10 minutes from several main thoroughfares,” said Anthony Amadeo , VP of WIP. “With the construction of 111 Main Street, we’re able to capitalize on this prime location and bring high-quality industrial space to an area that is experiencing unprecedented demand for the asset class.” WIP and Jingoli joined forces several years ago to develop the property. In late 2021, the South Amboy Planning Board unanimously approved the project. Over the past year, WIP has executed several key acquisi - tions in the most active indus - trial growth markets in the country, adding 8 million s/f to its portfolio. The team breaks ground on projects in South Brunswick and Woodbridge this summer. In early 2022, WIP also acquired 2401 West Emmaus Ave. in Allentown, PA consisting of a 91,350 s/f build - ing on 13.75 acres. MAREJ Health Care, doing business as Aveanna Home Health, joined its parent company as a tenant with a lease that com - menced in March for 5,033 s/f. ARC Document Services will move into 2,954 s/f on a lease that commenced in March. The company, which was look - ing to upgrade its Philadel - phia regional administration office, is moving from Tinicum Twp. later this year. Another home healthcare provider, 365 Health Services, took 3,821 s/f for its lease that commenced July 15. Payer Matrix expanded its existing space to 14,418 s/f and its new lease commenced in January. Also expanding was American Expediting, a logistics provider for multiple industries that was subleasing and looking for more space. American Expediting tripled its footprint to 6,172 s/f. The company’s lease will commence in August. MAREJ

the redevelopment generating quality union jobs and provid - ing necessary environmental restoration to the site.” In addition to ample square footage, the development will include 22 dock doors, with an additional 22 knock-out doors available if desired by a tenant; abundant trailer and car park - ing; and a 36’ clear height. “It’s been a pleasure work - ing with the City of South Amboy, which continues to demonstrate the importance of a forward-thinking municipal government that understands market trends and economic de - velopment. Woodmont shares the City’s vision for the project as well as the importance of local redevelopment,” said Stephen Santola , executive VP of Woodmont Properties. “We look forward to the comple - tion of 111 Main St. as well as our ongoing expansion in New Jersey and beyond.” “South Amboy offers employ - ers an appealing Central New

JUNE 17 - JULY 21, 2022


Shown from left: Kevin Duncan, Middlesex County Building and Construction Trades Council; Anthony Conrad, South Amboy Redevelopment Agency; South Amboy Mayor Fred Henry; Stephen Santola, Woodmont Properties; Eric Chubenko, South Amboy Redevelopment Agency.


in the revitalization of this area of the City. We look forward to

Henry . “We’re thankful to have Woodmont and Jingoli involved

Keystone Development + Investment signs leases totaling 50,000 s/f at office complex in Media, PA

MEDIA, PA — Keystone Development + Investment has signed six new office leas - es, consisting of four new ten - ants and two existing tenant expansions, at its Rosetree office campus in Media. The deals, totaling 50,000 s/f high - lights the property’s ability to position a modern workforce for success. The leasing activity at Ro - setree, which is home to two office buildings encompassing about 270,000 s/f and featur - ing four-story and six-story atriums, validates the Media area as a premier location for growing companies, with quick access to major high - ways, airport, public transit, downtown Media, and Center City Philadelphia. Rosetree is also home to a 24/7 automated grab-and-go market, confer - ence room with flexible seat - ing to accommodate 25-plus, collaborative seating areas, a fitness center with locker



rooms and showers, and an outdoor patio. ‘When we reimagined this campus, we aimed to develop a decidedly unique work com - munity that provides stabil - ity and room for growth in a rapidly evolving business environment,” said Keystone Development + Investment’s president and COO, Rich Gottlieb . “The property fos - ters collaboration and pro -

vides ample opportunity for companies and their workers to branch out and innovate, unwind, or make new con - nections.” Delaware County’s full-service CPA firm, Brinker Simpson, with a focus on con - tinued expansion, took the most space (14,418 s/f) among the new tenants, moving from two floors in nearby Spring - field. Its lease will commence on Sept. 1. Millennium Home




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