WOODBRIDGE – An investment firm announced this week that it has closed on the acquisition of a two-building complex in the Avenel section of Woodbridge, which is believed to be a future warehouse location for internet retailer Amazon.com Inc.
According to a press release issued by KTR Capital Partners, the 562,230 square-foot building at 301 Blair Road features 30 foot clear ceiling height, 111 exterior loading docks, and 125 foot truck courts with parking for approximately 220 trailers. “KTR plans to update the building to modern warehouse specifications including T-5 lighting, warehouse HVAC, power upgrades, and ESFR throughout to accommodate a tenant that has agreed to lease the entire building.”
In February, NJBIZ reported that Amazon had partnered with KTR to acquire the Woodbridge site. Amazon had previously partnered with KTR to develop a one million square foot distribution center in Robbinsville, which is scheduled to open next year.
The warehouse complex, which was formerly used by C&S Wholesale Grocers, also includes a 401,925 square foot distribution facility at 275 Omar Avenue which will be developed “on a speculative basis,” according to Paul J. Charlton, senior vice president of investments at KTR.