October 12, 2018
Bridge Development Partners has broken ground on Bridge Point 78, the company’s planned four-million-square-foot logistics park spanning Phillipsburg and Lopatcong, NJ.
The site formerly held Ingersoll Rand’s manufacturing operations, which closed nearly 20 years ago. Bridge will donate Ingersoll Rand artifacts from the site to a local museum.
The developer has committed to building the project on a speculative basis. Upon completion, the 381-acre site will feature two large retention ponds, a dam for stormwater, and multiple bioretention basins.
Bridge has brought on a CBRE industrial leasing team to market the site, led by William Waxman, Mindy Lissner and Steven Beyda in New Jersey, as well as Vincent Ranalli, Joe McDermott and Jake Terkanian in Pennsylvania.
“For the first time since Ingersoll Rand vacated this massive site decades ago, it is officially on its way to once again becoming a beehive of industry for the region,” said Bridge’s Jeff Milanaik.
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