JLL’s Politi & Viera represent Woodmont and Sagard Real Estate in 104,451 s/f industrial lease

Monica Franco of Lee & Associates assists the tenant in South Brunswick transaction

SOUTH BRUNSWICK, NJ — Woodmont Industrial Partners (Woodmont) and Sagard Real Estate executed a 104,451 s/f lease at 461 Ridge Rd. in South Brunswick. The tenant, Federation Distribution Services, Inc., will occupy half of the recently renovated warehouse and distribution facility on a 65-month term. JLL’s Gary Politi and Michael Viera represented Woodmont and Sagard Real Estate, while Monica Franco of Lee & Associates represented the tenant in the transaction.

In June 2024, Woodmont and Sagard Real Estate completed a multi-million dollar, dual-stage capital redevelopment and improvement program at the property. The first stage included substantial upgrades to the existing 144,000 s/f industrial facility, featuring a new ESFR system, LED lighting, office appendages, new dock doors and full packages. The second stage involved constructing a 65,000 s/f expansion from the ground up, increasing the property’s footprint to 209,000 s/f of class A space.

“The Exit 8A submarket is one of the premier industrial submarkets in the Tri-State Area,” said Anthony Amadeo, executive vice president of Woodmont. “Its prime location, with access to 33% of the US population within a 24-hour drive, makes it ideal for companies expanding in the Northeast. We’re pleased to welcome Federation Distribution Services to 461 Ridge Road, and we look forward to continuing to deliver industrial properties that meet the persistent tenant demand in the Turnpike corridor. In addition, we truly value our relationship with Sagard and the ability to seamlessly work together to ensure the success of our projects.”

Federation Distribution Services, Inc. has provided third-party logistics services in New Jersey and California for over 45 years. The facility at 461 Ridge Rd. will support the company’s warehousing and distribution operations while expanding its footprint in New Jersey to over 500,000 s/f of warehouse and distribution space.

“The rapid lease-up of 461 Ridge Rd. demonstrates Woodmont and Sagard Real Estate’s expertise in redeveloping assets to meet the needs of today’s tenants,” said Camila Grello, managing director, asset management at Sagard Real Estate. “We appreciate Woodmont’s partnership and are proud to celebrate the success of our fourth industrial project together.”