With Bridge Industrial’s demolition of the former Ingersoll Rand manufacturing plant, located off I-78 in both Phillipsburg and Lopatcong, and the construction of the 2.2-million-square-foot, $220-million Bridge Point 78 Phase I, Warren County has become a new hub for distribution and logistics. This rehab of a long vacant and environmentally challenged site marks a significant milestone for the region in anticipated economic and job benefits.
The vision for the 365-acre property is to meet the growing demand for logistics and distribution users across New Jersey and the Northeast. Collaborating with municipal officials and the community, Bridge created a comprehensive site redevelopment plan and worked with the Phillipsburg and Lopatcong mayors to execute two separate Payments in Lieu of Taxes (PILOT) abatement agreements, helping to inject new tax revenues to both communities.
Besides the project’s economic benefits, Bridge Point worked with NJDEP and Ingersoll Rand to environmentally improve the formerly contaminated site. Consulting with NJDOT, Bridge invested some $55 million in infrastructure improvements to optimize the surrounding road network to accommodate anticipated increased traffic to the new distribution hub and future commercial development.
Dedicated to renewable energy, the Phase I buildings are designed to energy-efficient specifications for modern warehouses. Also, through a partnership with the NJBPU’s Community Solar program, a portion of the site that previously was dedicated as a landfill and could not be disturbed by the development process is now used to create solar energy.
During peak construction, Phase I created 900 construction jobs. With the completion of Phase II, the six-building, 3.85-million-square-foot campus is projected to generate as many as 3,000 permanent warehouse jobs. Shortly after beginning construction, Bridge secured international clothing retailer UNIQLO as the anchor tenant in its largest Phase I building. Other long-term campus tenants include Mark Anthony Brewing, Inc. and lawn care manufacturer Scotts Miracle-Grow.
Cornerstone Architects Ltd.
Banner Oak Capital
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