{"id":1004803175,"date":"2026-06-26T06:49:36","date_gmt":"2026-06-26T14:49:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004803175"},"modified":"2026-06-26T07:41:13","modified_gmt":"2026-06-26T15:41:13","slug":"woodmont-jv-begins-redevelopment-of-25-acre-nj-industrial-site","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/woodmont-jv-begins-redevelopment-of-25-acre-nj-industrial-site\/","title":{"rendered":"Woodmont JV Begins Redevelopment of NJ Industrial Site"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a3eb8e4832cf&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004803176\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/woodmont-jv-begins-redevelopment-of-25-acre-nj-industrial-site\/389-newbrunswick-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/389-NewBrunswick-Ave.jpg\" data-orig-size=\"1600,1240\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"389-NewBrunswick-Ave\" data-image-description=\"&lt;p&gt;Image emailed to Briefs&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;389 New Brunswick Ave., one of two buildings planned for development, will comprise 76,000 square feet. Image courtesy of Woodmont Industrial Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/389-NewBrunswick-Ave.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"794\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/389-NewBrunswick-Ave.jpg?w=1024\" alt=\"A rendering of 389 New Brunswick Ave., a 76,000-square-foot industrial facility planned for Rahway, N.J.\" class=\"wp-image-1004803176\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/389-NewBrunswick-Ave.jpg 1600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/389-NewBrunswick-Ave.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/389-NewBrunswick-Ave.jpg?resize=768,595 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/389-NewBrunswick-Ave.jpg?resize=1024,794 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/06\/389-NewBrunswick-Ave.jpg?resize=1536,1190 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">389 New Brunswick Ave., one of two buildings planned for development, will comprise 76,000 square feet. <em>Image courtesy of Woodmont Industrial Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Woodmont Industrial Partners, in partnership with Sagard Real Estate, has broken ground on the redevelopment of a 25-acre industrial site in Rahway, N.J. The project is set for completion in the first quarter of 2027.<\/p>\n\n\n\n<p>The development will comprise two Class A warehouse buildings and is replacing an obsolete 212,000-square-foot facility that has already been demolished.<\/p>\n\n\n\n<p>The first building will offer 201,000 square feet of warehouse space and 3,000 square feet of office space, with a 36-foot clear height, 41 dock doors and two drive-in doors.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO: <\/strong><a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-report-energy-shock-shifts-site-selection\/\">May 2026 National Industrial Report<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The second will feature 76,000 square feet of warehouse space and 2,500 square feet of office space, with a 40-foot clear height, eight dock doors and one drive-in door.<\/p>\n\n\n\n<p>Located at 349 and 389 New Brunswick Ave., the site is just off Route 35 and minutes from the Garden State Parkway and New Jersey Turnpike. Port Newark\/Elizabeth and Newark Liberty International Airport are within a 30-minute drive.<\/p>\n\n\n\n<p>Over the past year, Woodmont has made multiple moves with its industrial platform in New Jersey, including the sale of 51 New Brunswick Avenue, a 54,113-square-foot Class A industrial property in Woodbridge, the completion of a 152,100-square-foot Class A industrial property in South Amboy, and the recapitalization and acquisition of a 30.6-acre industrial property in Franklin Township.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nj-industrial-keeps-pace\">NJ industrial keeps pace<\/h2>\n\n\n\n<p>New Jersey\u2019s industrial real estate sector is clicking along on multiple metrics so far this year. Year-to-date industrial sales volume through April was the second highest in the U.S. at $1.3 billion, and average pricing was among the nation\u2019s top 10, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/new-jersey-industrial-market-update\/\">Yardi Matrix report<\/a>.<\/p>\n\n\n\n<p>The state\u2019s construction pipeline rose sharply from last year to 7.4 million square feet. Deliveries, however, declined year-over-year, helping to keep industrial vacancy below the national rate, alongside continued rent growth.<\/p>\n\n\n\n<p>Another Sagard New Jersey-related move came in March, when the firm and Canada-based La Caisse <a href=\"https:\/\/www.commercialsearch.com\/news\/sagard-la-caisse-launch-ios-investment-platform\/\">established a new partnership<\/a> that will invest at least $360 million in industrial outdoor storage properties across major U.S. infill markets. The focus is initially on key seaport metros, including Southern California, Greater New York\/Northern New Jersey, the San Francisco Bay Area, Houston and the Baltimore\/Washington, D.C., region.<\/p>\n\n\n\n<p>The partnership\u2019s first acquisition was an IOS asset in the Meadowlands submarket in northern New Jersey. The property is fully leased to a tenant using the site for vehicle fleet management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new campus will feature more than 280,000 square feet. <\/p>\n","protected":false},"author":882,"featured_media":1004803176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,1600,21742,10],"tags":[52610,38141],"class_list":["post-1004803175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-new-york","category-latest","category-northeast","tag-sagard-real-estate","tag-woodmont-industrial-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Woodmont JV Begins Redevelopment of NJ Industrial Site - 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