Woodmont Industrial Partners Acquires 104,000-SF Warehouse in Moonachie

On Jul 11, 2016

Woodmont Industrial Partners (WIP), a real estate development and management firm, today announced the acquisition of 77 Moonachie Avenue, a 104,000-square-foot industrial building in Moonachie.

“We were attracted to this investment opportunity largely due to the property’s strategic location,” said Eric Witmondt, principal of Woodmont Industrial Partners.  Located within 10 miles of the Lincoln Tunnel and George Washington Bridge, the property is in close proximity to Routes 80, 46 and 3. The warehouse is in the heart of the Meadowlands submarket, which remains the strongest submarket in northern New Jersey, and is just 10 miles from the Port of New York/New Jersey.  Woodmont will continue to seek investment opportunities in the Meadowlands market with similar core and value-add attributes.

The property, currently features seven loading dock doors, a new roof, heavy power, ample parking and 14,000 square feet of mezzanine space.

Woodmont Industrial has a strong track record of acquiring and revitalizing industrial properties in key submarkets across the northeast US. The firm currently owns over 2M square feet in New Jersey and Pennsylvania.

Cushman & Wakefield Senior Vice President Thomas E. Tucci and Associate Vice President Thomas Tucci represented the seller in the transaction.

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