Italian Logistics Firm Expands International Ops with 607K-SF NJ Lease
CBRE arranged a 607,279-square-foot lease at Bridge Point 78, a master-planned, 3.9-million-square-foot industrial complex in Phillipsburg, NJ, near the Northeast Pennsylvania border. Italy-based OMLog, a leading logistics service provider for luxury fashion products, will house its operations in Building 3.
A CBRE team of Jake Terkanian, Mindy Lissner and Vincent Ranalli serve as Bridge Point 78’s leasing agents and represented ownership, Bridge Industrial and PGIM Real Estate. CBRE’s Kevin Dudley represented OMLog.
“Bridge Point 78 offered OMLog the ideal opportunity to expand its international operations in the heart of one of the Northeast’s main industrial distribution hubs,” said Terkanian. “In addition to OMLog, the Class A complex is home to several big-box tenants including UNIQLO and White Claw. With Phase 1 of the development fully leased, we look forward to marketing Phase 2, which includes two additional buildings totaling more than 1.6 million square feet, set to deliver next year.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).