Bridge Development Partners announced Thursday that Japanese clothing designer, manufacturer and retailer UNIQLO has signed an industrial lease at Bridge Point 78, a six-warehouse, 3.85 million-square-foot complex in Phillipsburg.
UNIQLO will occupy significant space at one of the park’s Class A warehouse buildings (its second largest), which features 40-foot clear ceiling heights and ample trailer and truck parking as well as cross-docking.
Construction on Phase II at Bridge Point 78 will commence in Summer 2020 and will encompass 1.65 million square feet across two buildings.
“In developing Bridge Point 78, we sought to catalyze the local economy by delivering a state-of-the-art complex that would attract industrial occupiers of a global caliber,” Jeff Milanaik, partner, Northeast region at Bridge Development Partners, said. “Uniqlo’s decision to establish a major warehouse here is significant validation of this vision, and reflects the unique location and quality advantages that Bridge Point 78 affords. We are thrilled to have the opportunity to create a transformational project that will bring jobs to both Phillipsburg and Lopatcong Township, and look forward to welcoming additional star tenants to the complex in the coming months.”
Bridge Point 78 is within close access to Interstate 78 and Route 22 as well as direct access to the Port of Newark.
CBRE represented Bridge in the deal and Adam Citron of JLL represented UNIQLO.
“UNIQLO is one of the world’s leading retailers that was looking for a larger warehouse facility for its expanding business,” Citron said. “The brand will benefit from cost savings due to reduced transportation costs as well as the area’s abundant labor pool.”
