Woodmont Industrial Partners announced the sale of its 54,113-square-foot Class A industrial property at 51 New Brunswick Ave. in Woodbridge Township to Sagard Real Estate.
Brokered by Newmark’s Brian Schulz, Steven Beyda and Kevin Welsh, the deal builds on Woodmont’s continued industrial momentum, as the firm advances new ground-up developments, repositioning projects and successful lease-ups across several of the nation’s most active logistics markets.
“Our focus is to deliver high-quality logistics facilities in markets where demand for modern industrial space remains strong,” said Anthony Amadeo, executive vice president at Woodmont.
“Properties like 51 New Brunswick Ave. that have direct access to port infrastructure and major transportation corridors continue to attract strong interest, and this submarket offers exceptional connectivity that supports distribution throughout the Northeast.
“This was evident by strong market activity and a quick lease signing at CO.”
The Woodbridge facility provides seamless access to Port Newark-Elizabeth, the New Jersey Turnpike, Garden State Parkway, Route 9 and Route 440, positioning it within one of the Northeast’s most connected logistics corridors.
“51 New Brunswick Avenue offers the location and functionality we seek in high-quality infill industrial investments,” said Belah Terentjev, director of acquisitions, Northeast at Sagard.
“Woodmont’s high-caliber execution, coupled with the property’s strategic location and strong tenant profile make it a compelling long-term investment, and we believe it will remain highly attractive to both users and capital in the years ahead.”
Delivered in 2023, the property features 32-foot clear ceiling heights, seven exterior dock doors, one drive-in door and 2,300 square feet of office space designed for modern distribution and last-mile users.
It is fully leased to R.A.S. Logistics, a full-service logistics provider, serving as both a critical operational hub and the company’s Northeast headquarters.
