Bridge Development Partners announced Tuesday it has acquired a 7.47-acre property in Edison, which it plans to develop into Bridge Point Edison, a Class A, 124,560-square-foot industrial facility designed specifically for last-mile delivery tenants.
The property, located at 150 Whitman Ave., will feature 36-foot ceilings, 23 exterior docks, five trailer positions, 62 spots for parking and one drive-in door. The development plan also calls for separate office spaces, each totaling 1,892 square feet, in the facility.
“The industrial market as a whole is seeing strong demand for space that works for users large and small with good highway connectivity, particularly as space along the Turnpike corridor becomes increasingly scarce. We selected this site due to its incredible accessibility to New Jersey/New York metro population and feel that our Bridge Point Edison design will specifically draw the attention for last-mile delivery users,” Jonathan Pozerycki, vice president at Bridge Development, said. “The Township of Edison has been extremely helpful in this process, and we’re excited to bring this well-located facility to the market.”
The facility is within close access to interstates 287 and 95, and both the FedEx Ground facility and an Amazon sort facility in Edison.
Barry Cohorsky, Andrew Kirshenbau, Barry Mayer and Arthur Hixson of NAI James E. Hanson brokered the deal on behalf of Bridge.
The project is expected to be complete in the first quarter of 2020.