{"id":3061,"date":"2023-03-13T15:38:05","date_gmt":"2023-03-13T15:38:05","guid":{"rendered":"https:\/\/www.lee-associates.com\/wbe\/?p=3061"},"modified":"2023-03-13T15:38:05","modified_gmt":"2023-03-13T15:38:05","slug":"woodmont-acquires-30000-sq-ft-lyndhurst-industrial-building","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/wbe\/2023\/03\/13\/woodmont-acquires-30000-sq-ft-lyndhurst-industrial-building\/","title":{"rendered":"Woodmont acquires 30,000 sq. ft. Lyndhurst industrial building"},"content":{"rendered":"
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Woodmont Industrial Partners has added to its holdings with the purchase of a 30,000-square-foot warehouse and distribution facility in Lyndhurst.<\/p>\n

The firm on Tuesday said the property, 2 Terminal Road, is available for lease. The Woodmont Properties affiliate acquired the building from an undisclosed seller, touting its location near routes 3 and 17 and features such as 18-foot ceiling heights, two loading docks and two drive-in doors.<\/p>\n

Michel Schaible and Troy Wisse of Lee & Associates New Jersey represented Woodmont in the deal and will market the property for lease. Terms were not disclosed.<\/p>\n

\u201cWith its ideal location amidst several of New Jersey\u2019s 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,\u201d said Anthony Amadeo, executive vice president of Woodmont. \u201cWe\u2019re excited to begin the redevelopment of 2 Terminal Road, and to continue to expand our industrial portfolio in major corridors throughout the United States.\u201d<\/p>\n

Woodmont, which has been actively developing and acquiring industrial property in New Jersey and elsewhere, noted that vacancy in the Meadowlands submarket is below 2 percent.<\/p>\n

\u201cWe are pleased to continue our investment in New Jersey\u2019s Meadowlands,\u201d said Steven Beyda, senior vice president of industrial acquisitions at Woodmont. \u201cSituated just a few miles outside of New York City, the Meadowlands submarket is attractive to industrial warehouse and distribution tenants in search of strong labor, proximity to densely populated areas, and a nearby diversified business base.\u201d<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>

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MEDIA:<\/strong>
\nBy: Joshua Burd
\nREAL ESTATE NEW JERSEY<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

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<\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

Woodmont Industrial Partners has added to its holdings with the purchase of a 30,000-square-foot warehouse and distribution facility in Lyndhurst. The firm on Tuesday said the property, 2 Terminal Road, is available for lease. The Woodmont Properties affiliate acquired the building from an undisclosed seller, touting its location near routes 3 and 17 and features such as 18-foot ceiling heights, two loading docks and two drive-in doors. Michel Schaible and Troy Wisse of Lee &…<\/p>\n","protected":false},"author":167,"featured_media":3062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"yoast_head":"\nWoodmont acquires 30,000 sq. ft. 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