PERTH AMBOY, NJ — Bridge Development Partners, has acquired the 103-acre ePort Logistics Center in Perth Amboy, NJ, from a joint venture between Goldman Sachs and Viridian Partners.
The selling partnership assembled the 103-acre site in January 2013 to reposition the land into a class A warehouse/distribution park. The site is fully approved for the development of 1.3 million square feet of speculative class A warehouse and distribution space, featuring three buildings located at 980 High St., 1000 High St. and 960 High St., comprised of 718,200 square feet, 354,250 square feet and 220,200 square feet, respectively. Bridge will commence construction immediately and deliver the buildings in 2016.
“It's just very difficult to find land in northern New Jersey with good proximity to roadways and the city, so this was a highly sought-after site,” Michael D. Hines, executive vice president, institutional properties, CBRE, tells GlobeSt.com exclusively.
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