Woodmont Industrial Partners (WIP), a national developer and
owner of industrial properties, and EverWest Real Estate Investors, an
institutional real estate investment and operating company, announced the
acquisition of 461 Ridge Road, a 144,551 s/f industrial facility in South
Brunswick, New Jersey.
The property was acquired from industrial recycling company GDB
International, which has leased back the facility on a short-term basis. David
Blitt of Bussel Realty represented the seller.
Woodmont and EverWest plan to renovate the existing facility
upon lease expiration, enhancing building specifications to best meet the
demand from distribution and logistics users.
Located in the established Exit 8A submarket, the property