Ground-up Project to Bring Class A Warehouse Space to Redevelopment Zone • Click on photos to enlarge
Press Release 5/18/22
- Steve Santola, Executive Vice President & General Counsel Woodmont Properties
- Asm. Speaker Craig Coughlin
- Mayor Fred Henry
- Kevin B. Duncan, Secretary-Treasurer, Bricklayers and Allied Craftworkers ADC of NJ Locals 4 & 5
- Kevin B. Duncan, Secretary-Treasurer, Bricklayers and Allied Craftworkers ADC of NJ Locals 4 & 5
SOUTH AMBOY, N.J. — Woodmont Industrial Partners (WIP) and Joseph Jingoli & Son, Inc. (Jingoli) held a groundbreaking ceremony today at 111 Main Street in South Amboy, New Jersey. Located in the Broadway/Main Street redevelopment zone, the site spans 22 acres and will comprise 152,100 square feet of Class A warehouse space at completion.
“The development at 111 Main Street will benefit South Amboy both economically and socially for years to come,” said South Amboy Mayor, Fred Henry. “We’re thankful to have Woodmont and Jingoli involved in the revitalization of this area of the City. We look forward to the redevelopment generating quality union jobs and providing necessary environmental restoration to the site.”
In addition to ample square footage, the development will include 22 dock doors, with an additional 22 knock-out doors available if desired by a tenant; abundant trailer and car parking; and a 36’ clear height.
“It’s been a pleasure working with the City of South Amboy, which continues to demonstrate the importance of a forward-thinking municipal government that understands market trends and economic development. Woodmont shares the City’s vision for the project as well as the importance of local redevelopment,” said Stephen Santola, Executive Vice President of Woodmont Properties. “We look forward to the completion of 111 Main Street as well as our ongoing expansion in New Jersey and beyond.”
“South Amboy offers employers an appealing Central New Jersey location, less than 10 minutes from several main thoroughfares,” said Anthony Amadeo, Vice President of WIP. “With the construction of 111 Main Street, we’re able to capitalize on this prime location and bring high-quality industrial space to an area that is experiencing unprecedented demand for the asset class.”
WIP and Jingoli joined forces several years ago to develop the property. In late 2021, the South Amboy Planning Board unanimously approved the project.
Over the past year, WIP has executed several key acquisitions in the most active industrial growth markets in the country, adding approximately 8 million square feet to its portfolio. The team breaks ground on projects in South Brunswick and Woodbridge, New Jersey this summer. In early 2022, WIP also acquired 2401 West Emmaus Avenue in Allentown, Pennsylvania consisting of a 91,350-square-foot building on 13.75 acres, with plans to reposition the site into a state-of-the-art Class A facility that will meet the Lehigh Valley market’s demand for industrial space as vacancies hit a record low.