A Texas-based industrial real estate developer is entering the New Jersey market with a speculative logistics project in Bordentown, it announced this week.
Hillwood, which develops properties in the U.S., Canada and Europe, said it has established a New Jersey office directed by Senior Vice President Ben Rosen.
Its new project, dubbed Bordentown Crossroads, is part of a partnership with WDG Logistics, an Atlanta-based developer.
The project, located at Exit 7 of the New Jersey Turnpike at 1 Bordentown Bypass, will be a 179,800-square-foot Class A rear-load distribution center with 30 dock doors, 36-foot clear heights, 30 trailer parking spaces and 94 regular parking spaces.
“We are thrilled to launch Bordentown Crossroads as our first speculative development from our New Jersey office,” Rosen said in a prepared statement. “This project highlights our commitment to expanding our presence in the Northeast and delivering top-tier logistics facilities in strategic locations.”
The property will offer strategic access to Interstates 95 and 295 and routes 130 and 206.
Construction is set to begin in the summer, with an anticipated completion date of spring 2025. The facility is available for lease in flexible, divisible space options. Kyle Eaton of Newmark in East Brunswick is the local broker.
