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News release

EAST RUTHERFORD

JLL Tapped to Lease Bridge Point Meadowlands

Bridge Development Partners constructing modern, 193,805-square-foot warehouse/distribution facility in Wood-Ridge, NJ


EAST RUTHERFORD, N.J., January 25, 2017 — JLL was selected by Bridge Development Partners LLC as exclusive leasing agent for Bridge Point Meadowlands, 1 Ethel Boulevard in Wood-Ridge, N.J. The firm will provide a full range of marketing and leasing services for the Class A, 193,805-square-foot warehouse and distribution facility.

JLL's leasing team for this assignment includes Robert Kossar, executive managing director, Christopher Hile,  senior vice president; and Brian Golden, vice president. The team will work closely with Jeff Milanaik, principal, with Bridge Development Partners.

"This project is well situated as one of the only available Class A development sites in the Meadowlands, where modern industrial product only accounts for a small percentage of the total market size," said Hile. "As proximity to Manhattan is a primary driver for many industrial requirements, the Meadowlands is expected to see a disproportionate share of New Jersey's leasing activity through the remainder of this cycle."

Upon completion in late 2017, Bridge Point Meadowlands will be a modern 193,805-square-foot warehouse and distribution space featuring 36-foot ceiling heights, 27 dock doors, 1 drive-in door, parking for 58 trailers and 134 cars and potential Norfolk Southern rail connectivity.

The warehouse and distribution facility is within walking distance to the Wood-Ridge Transit Rail Station. Bridge Point Meadowlands is located 10 miles from Manhattan and 15 miles from Port Newark/Elizabeth Marine Terminals, and is accessible from Interstate 95/New Jersey Turnpike via Exits 16E and 16W, Interstate 80, Routes 1, 3, 4, 9, 17, 21 and 46 and the Garden State Parkway.

JLL is a leader in the northern/central New Jersey commercial real estate market, with more than 1,000 professionals and support staff providing agency leasing and property marketing, tenant representation, industrial services, strategic consulting, occupancy planning, workplace strategies, project and development services, property and facility management, and investment sales/capital markets services to New Jersey's leading corporate tenants, investors and landlords. The firm, which assists clients from three full-service offices in Parsippany, Iselin (Metropark) and East Rutherford, also acts as a local service provider for JLL's global and national corporate clients in need of real estate assistance in New Jersey. JLL's New Jersey operations were honored by NJBiz magazine as one of its 2015 Best Places to Work in New Jersey.

 

About Bridge Development Partners LLC

Bridge Development Partners LLC (www.bridgedev.com) is a privately owned firm focused on the development and acquisition of industrial and office real estate in the Los Angeles, Chicago, South Florida and Northern New Jersey regions. Since its inception in 2000, Bridge has successfully acquired and developed more than 16 million square feet of office and industrial buildings/projects valued at more than $2.0 billion.

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 70,000. On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​