Woodmont Industrial Partners announced the sale of a 101,425-square-foot Class A distribution center in the Hopelawn section of Woodbridge on Friday.
The property is located within 15 miles of Port Newark-Elizabeth, a quarter-mile of Route 440, Route 9, the New Jersey Turnpike and the Garden State Parkway, and features 36-foot clear heights and 12 dock doors with the option to expand to 24.
Woodmont Industrial completed vertical construction of the facility during the second quarter of 2021, filling Bentley’s need for high-quality distribution centers near Port Newark-Elizabeth.
“We’re incredibly proud of our ability to bring our plans for this property to fruition and meet the tremendous demand for well-located distribution space,” Woodmont VP Anthony Amadeo said. “This deal is indicative of Woodmont’s ability to see our deals through their entire lifecycle — we acquired the raw land, worked side by side with the municipality to entitle the site and executed on our vision to build a Class A facility that was well-received by the market.”
The CBRE team of Executive Vice President Mindy Lissner, First Vice President Robert Pine and Senior Vice President David Gheriani served as the property’s exclusive leasing agent and preleased the property to a single tenant on a long-term basis.