Japanese Retailer Signs Major Industrial Lease in Phillipsburg
Japanese retailer UNIQLO has signed a major industrial lease deal at Bridge Development Partners’ Bridge Point 78 development.
While Bridge Development did not divulge the exact size of the lease transaction at the former Ingersoll Rand site, in Lopatcong Township and Phillipsburg, the Chicago-based firm states that UNIQLO, a Japanese clothing designer and manufacturer, has signed a lease at Bridge Point 78 and will be one of the largest tenants in its six-warehouse, 3.85 million-square-foot complex. It also describes the deal as largest lease to date nationally across Bridge Development Partners’ five-market portfolio.
UNIQLO’s new warehouse will occupy significant space in the park’s second largest building, the largest in the initial phase of the project that multiple reports state totals approximately 975,761 square feet. The Class-A, state-of-the-art warehouse building will feature 40-foot clear ceiling heights and ample trailer and truck parking, and will enable cross-docking. The property has access to to I-78 and Route 22, as well as direct, toll-free access to the Port of Newark.