Real Estate New Jersey | By Joshua Burd
The STRO Cos. and Kushner Real Estate Group are touting a lease with Amazon at a new industrial building in Woodland Park, where the e-commerce giant operates a 205,000-square-foot same-day delivery facility.
According to the developers, the structure at 1150 McBride Ave. has 36-foot clear ceiling heights, two drive-ins, 20 docks and ample parking for trailers and employees. It’s now serving as a so-called last-mile facility, benefiting from its direct access to Route 46, Route 23 and Interstate 80.
“We are pleased to have secured Amazon as a tenant for 1150 McBride after years of planning and development,” said Steven Millstein, STRO’s founder and principal. “We are thankful to have worked with our partners at KRE and Woodland Park’s Mayor Keith Kazmark who were instrumental in the success of this project.”
STRO’s Jack Shulman and Elliot Ferris represented ownership in house, while Jason Goldman and Andrew Siemsen of KBC Advisors represented Amazon.
“1150 McBride is a first-class building with a great tenant,” KRE President Jonathan Kushner said. “KRE is thrilled to partner with STRO on another successful project.”
Shulman, STRO’s senior director of acquisitions, added: “It was a pleasure working with the Amazon’s real estate team on bringing this deal to a final closure and we thank their brokers Jason Goldman and Andrew Siemsen of KBC for facilitating this transaction. There are very few industrial assets like 1150 McBride that provide the site efficiencies and logistic value. Amazon was able to see the tremendous value in the location, being 30 minutes to New York City and complete access to over 20 million consumers in the New York Metro area.”
Amazon Site Lead Drew McCrossan noted that the Seattle-based company has invested more than $23 billion in New Jersey since 2010.
“We are excited to continue our growing footprint through this state-of-the-art facility in Woodland Park,” he said. “I am proud to lead this site and look forward to continuing to be integrated with this community.”