Woodmont Industrial Partners has acquired 2 Terminal Road, a 30,000-square-foot warehouse and distribution facility in Lyndhurst, New Jersey.
The building features 18-foot ceilings, two loading docks, two drive-in doors, parking and access to Route 3 and Route 17. The property is available for immediate occupancy.
“With its ideal location amidst several of New Jersey’s main thoroughfares, the Meadowlands submarket continues to experience a high demand for quality industrial space, particularly from companies looking to establish last-mile delivery operations,” said Anthony Amadeo, executive vice president of Woodmont. “We’re excited to begin the redevelopment of 2 Terminal Road, and to continue to expand our industrial portfolio in major corridors throughout the United States.”
Michel Schaible and Troy Wisse of Lee & Associates represented Woodmont in the purchase of the property and will market the property for lease.
Over the past year, Woodmont has executed several key acquisitions in the most active industrial growth markets in the country, adding approximately 6 million square feet to its portfolio. Most recently, the company celebrated the groundbreakings of a 152,100-square-foot Class A warehouse in South Amboy, New Jersey and a 54,000-square-foot warehouse property in Woodbridge, New Jersey.
