Bridge Buys Edison Site to Build 124K SF Industrial Facility

A 7.47-acre industrial development site in Edison was sold last week for an undisclosed sum to Bridge Development Partners, NJBIZ reported. The developer said its plans for the property include a 124,560-square-foot industrial facility. Industrial properties, whose valuations in New Jersey and elsewhere have soared based upon their proximity to customers and clients, are located two miles from I-287 and three miles from Exit 10 of the New Jersey Turnpike. Plans for the facility, known as Bridge Point Edison, call for 36-foot clear ceilings and two 1,892-square-foot office pads.