CBRE Arranges 607,279-Square-Foot Industrial Lease at Bridge Point 78

OMLog Makes Major Commitment at Newly Developed, Class A Industrial Complex in Phillipsburg

On Jul 14, 2021

CBRE has arranged a 607,279 square foot lease at Bridge Point 78, a master-planned, 3.9 million-square-foot industrial complex located at 1000 Rand Boulevard in Phillipsburg. Italy-based OMLog, a leading logistics service provider for luxury fashion products offering tailor-made supply chain solutions and retail assortments for national and international distribution, will house its operations in Building 3 of the complex.

A CBRE team comprised of Jake Terkanian, Mindy Lissner and Vincent Ranalli serve as the exclusive leasing agents at Bridge Point 78 and represented ownership, Bridge Development Partners and PGIM Real Estate, while CBRE’s Kevin Dudley represented OMLog.

“Bridge Point 78 offered OMLog the ideal opportunity to expand its international operations in the heart of one of the Northeast’s main industrial distribution hubs,” noted Terkanian. “In addition to OMLog, the Class A complex is home to several big box tenants including UNIQLO and White Claw. With Phase 1 of the development fully leased, we look forward to marketing Phase 2, which includes two additional buildings totaling over 1.6 million sq. ft., set to deliver next year.”

Bridge Point 78 is a master-planned development situated in the highly desirable Interstate 78/81 Corridor. The complex is located just 15 miles from the FedEx hub in the Lehigh Valley, and 55 miles from New Jersey’s Port of Elizabeth.

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