LOPATCONG TOWNSHIP, NJ—Bridge Development Partners has acquired the I-78 Logistics Park, a 365-acre, master-planned development located along the Interstate 78/81 corridor in Lopatcong and Phillipsburg, NJ, from Opus Investments/KTV for $43 million.
CBRE's Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki negotiated on behalf of the seller.
The I-78 Logistics Park, at 942 Memorial Parkway, has approvals in place to construct 3.8-million square feet of warehouse/distribution space.
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