BORDENTOWN, N.J., July 31,
2024 /PRNewswire/ -- Hillwood is excited to announce
its first speculative logistics development from the newly
established New Jersey office,
directed by market leader and senior vice president Ben Rosen. The Bordentown Crossroads project
represents a significant milestone for Hillwood as our footprint
expands in one of the country's most competitive industrial markets
through a partnership with WDG Logistics.
Bordentown Crossroads, located in the heart of the New Jersey
Turnpike corridor at Exit 7, is a 179,800-square-foot Class A
rear-load distribution center. This state-of-the-art facility will
offer strategic access to I-95, I-295, Route 130, and Route 206,
providing excellent connectivity to the major population centers of
New Jersey, New York, and Philadelphia. Approximately 40% of the U.S.
population is within a day's drive of this prime location.
Key Features of Bordentown Crossroads:
- Size: 179,800 SF of Class A distribution space
- Location: New Jersey Turnpike corridor (Exit 7), Bordentown, NJ 08505
- Accessibility: Proximity to I-95, I-295, Route 130, and Route
206
- Dock Doors: 30
- Clear Heights: 36 feet
- Column Spacing: 54' x 50'
- Parking: 30 trailer parking spaces and 94 regular parking
spaces
Construction of Bordentown Crossroads is set to begin this
summer, with completion and delivery anticipated by the Spring
2025. The facility's features and strategic location are expected
to attract significant interest from businesses seeking efficient
and accessible logistics solutions. The address will be 1
Bordentown Bypass, Bordentown, NJ
between Rising Sun Road and Dunns Mill Road.
"We are thrilled to launch Bordentown Crossroads as our first
speculative development from our New
Jersey office," said Ben
Rosen, Senior Vice President of Hillwood. "This project
highlights our commitment to expanding our presence in the
Northeast and delivering top-tier logistics facilities in strategic
locations."
Quote from WDG Logistic Partners:
"We are proud to partner with Hillwood on this landmark
development. We selected Hillwood as our partner, based on their
track record of success and impeccable reputation. The entire
Hillwood team has delivered immense value and exceeded expectations
at every turn. We couldn't be happier. Bordentown Crossroads is
ideally timed for the market, offering unparalleled access and
state-of-the-art facilities to prospective tenants," said Tosh
Wolfe, Managing Principal of WDG Logistic Partners.
Quote from Local Broker Kyle
Eaton of Newmark in East
Brunswick:
"The New Jersey industrial
market is in high demand, and Bordentown Crossroads is ideally
positioned to meet the needs of modern logistics operations. We are
excited to work with Hillwood to bring this exceptional property to
market," said Kyle Eaton, Senior
Managing Director, of Newmark.
The facility is now available for lease, and it offers flexible,
divisible space options to accommodate a variety of tenants.
For leasing inquiries or more information about Bordentown
Crossroads, please contact Kyle
Eaton at kyle.eaton@nmrk.com.
About Hillwood
Hillwood is a leader in acquiring and developing high-quality
industrial properties with 264.3M SF
across the U.S., Canada, the
United Kingdom, and Europe. Hillwood pursues well-located,
functional land in the path of progress and has one of the largest
land banks with a capacity of over 138M SF for future development. Hillwood
collaboratively builds successful partnerships with public and
private landowners and other developers to execute and invest in a
broad spectrum of industrial projects. As a privately held company,
Hillwood possesses the depth of capital, market expertise, industry
relationships, and a forward-thinking vision to buy and build
industrial properties that meet evolving markets' logistics,
distribution, and manufacturing demands.
Visit Hillwood.com for more information on Hillwood's latest
industrial availability in the U.S., U.K., and E.U.
About WDG Logistics Partners
WDG Logistics Partners excels as a comprehensive logistics real
estate partner, ensuring timely and strategically placed solutions
for supply chain networks nationwide. WDG's entrepreneurial spirit
and nimbleness enables its team to respond quickly to changing
market conditions and client demands. WDG Logistics Partners prides
itself on placing clients and partners first, focusing on their
success as the key driver of decision making.
Visit Wdgrep.com to learn more about us.
HILLWOOD MEDIA CONTACT:
Jennifer Cheek +1 972 220 2965
jennifer.cheek@hillwood.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hillwood-announces-first-speculative-logistics-development-from-new-jersey-office-302211477.html
SOURCE Hillwood Development Corp.