UNION, NJ—Got logistics? Chicago-based Bridge Development Partners, LLC will build a new, class A, institutional-quality industrial building on the site of the old Tuscan and Lehigh Dairy milk processing operation in Union, NJ. Bridge acquired the 18-acre site from Industrial Realty Group. Dairy operations at the property ceased in 2006.
Bridge will demolish all existing buildings on the site. The firm will then develop a speculative 263,415-square-foot industrial building with a 36-foot clear ceiling height. The property will be designed to accommodate up to two tenants, with building completion expected by November 2015.
“This is a premier opportunity in the New Jersey market,” says Bridge principal Jeff Milanaik. “We are focused on finding infill opportunities in North and Central New Jersey that have previously been overlooked due to the complexities of the property. These markets are experiencing a strong demand for quality class A industrial facilities. This highly desirable project fits that need and will showcase the type of product we will continue to deliver in the Northeast.”
Joel Lubin, managing director, and Blake Chroman and Chris Hile, senior vice president, all with Jones Lang LaSalle, will be handling marketing and leasing of the project. Cornerstone Architects will do architectural and structural design, with Premier Design + Build National, LLC serving as general contractor.
The facility will feature architectural concrete precast construction, ESFR sprinkler systems, T-5 lighting, as well as 50 docks (1:5,268 sq. ft.), 55-foot column spacing, 66-foot staging bay at the loading dock and 111 trailer positions (1:2,369 sq. ft.), all of which are ideal for warehouse and distribution tenants.
The project is located within six miles of the Port of New Jersey, with direct access via Route 22 and Route 287, and easy access from the Garden State Parkway and I-78. The site offers excellent visibility from both I-78 and the Garden State Parkway, as it sits directly in the northwest quadrant of the interchange.
This is the first major project for Bridge since opening a new office in Parsippany, NJ, in September 2014. Principals Jeffrey J. Milanaik and John Porcek oversee operations of the office.
With this acquisition and anticipated project, Bridge will have developed and/or acquired more than 8.1 million square feet of investment-grade industrial and office buildings. The firm currently has more than $350 million of new industrial developments underway.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
