Urban Edge Properties Leases Redeveloped Warehouse
The former retail site, leased by AAA Wholesale Group’s, will serve as the company’s first NJ location.
LODI, NJ – Urban Edge Properties has leased 130,000 square feet within a newly-transformed warehouse and distribution facility in Lodi, NJ to AAA Wholesale Group.
The former retail site will now serve as a wholesale membership club, which will supply smaller grocery stores, delis and convenience stores with grocery products, deli supplies, beverages, cleaning supplies and other household items.
The building will feature an additional 20,000 square feet of space that will be allocated to in-store shopping for consumers.
Urban Edge Properties is currently converting the existing building’s first story into a 103,000-square-foot, high-bay warehouse. Upon the implemented improvements, the property, located at the intersection of Route 17 and Essex St., will feature a 26-foot ceiling clearance, seven new loading docks, LED lighting with motion detection, a new roof and a new parking lot.
The space, representing AAA Wholesale Group’s first location in New Jersey, is expected to provide more than 100 new jobs to the area. AAA Wholesale Group currently has locations in the Bronx and in Brooklyn.
“Lodi is an ideal location for our buyers with excellent commercial access and easy loading,” states Alex Almontaser, AAA Wholesale Group’s founder and CEO. “We are excited to open our first New Jersey location. We have a partner in Urban Edge Properties that is vested in our success, reconfiguring the property to meet our needs and make it possible for us to service the surrounding community through direct to consumer wholesale merchandise.”
“With the recent market challenges resulting from COVID-19, we are pleased to have identified this use and secured a terrific lease and partnership with AAA Wholesale Group,” said Chris Weilminster, EVP and COO of Urban Edge Properties. “The market remains active, especially in premier locations, and we look forward to continuing to execute on Urban Edge’s strategy of maximizing well-located, infill, transit-oriented assets that serve their surrounding community.”