Reclamation Marvel: Bridge Point 78 Phase II

When vertically integrated real estate operating company and investment manager Bridge Industrial set out to reimagine the former Ingersoll Rand manufacturing plant site in Phillipsburg, it had to work closely with municipal and other regional partners. Following extensive geotechnical and environmental remediation, the site was ultimately transformed into a state-of-the-art industrial campus titled Bridge Point 78 Phase II.

Bridge Point 78 Phase II spans both Phillipsburg and Lopatcong. Bridge Industrial was able to create a comprehensive plan that not only helped the site environmentally, but also created opportunities for both areas’ underserved labor forces.

With construction of the $235 million Phase II and the securement of a full-building, long-term lease with a reputable tenant, Bridge Point 78 created 300 new construction jobs. Bridge Industrial anticipates that positions will be created in the years to come to support tenant operations.

A multinational, publicly traded e-commerce and third-party logistics platform signed a 1.25 million-square-foot lease for the entirety of the development. The premium property features 40-foot clear heights, single- and cross-docked loading configurations, and ample parking for both trucks and cars, which spans two miles along Route 22.

A solar power source that benefits both onsite facilities and the community was installed on part the property that had formerly been a landfill where foundries and sand for casting were discarded.

Architect

Ford & Associates Architects, Inc.

Columbus, OH

Builder

Bridge Industrial

Parsippany

Financing

PGIM Real Estate

Newark

Nominator

Maria Brewster,
Account Executive,
Antenna Group

Hackensack