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Hopelawn Development

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85 New Brunswick Ave
Woodbridge, NJ 08861
Type: Industrial
Size: 101,425
Built:
Investment Date: 6/11/2021
Strategy: Development
85 New Brunswick Avenue is a fully approved Class A warehouse speculative development project totaling 101 425 sf in Woodbridge, NJ within the Exit 11 10 Submarket The Property, situated on 4 9 acres, will feature 36 clear, 12 DH doors (expandable to 24 one drive in door, 120 truck court, LED lighting, ESFR sprinklers and 45 car parking spaces Located 19 miles south of Port Newark two miles from Exit 11 NJ Turnpike with immediate access to Route 440 (into Staten Island), I 287 Routes 1 9 and Garden State Parkway (for sprinter vans) Property construction expected to commence July 2020 and will be bought at completion on a forward basis, with delivery expected in July 2021 Submarket boasts a vacancy rate of 1.3% as of Q 1 2020.