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New York & Tri-State  + New Jersey  + Industrial  | 

Woodmont Teams with Insurer for Industrial Development Near NJ Turnpike

Woodmont Industrial Partners and a major U.S.-based insurance company have formed a joint venture partnership to recapitalize and acquire 400 Atrium Dr., a 30.6-acre parcel in Franklin Township, NJ. Located on a premium development tract in the Exit 10 submarket along the New Jersey Turnpike, the deal and subsequent redevelopment represent the first collaboration for the partnership. 

400 Atrium Dr. will feature more than 370,000 square feet of Class A warehouse space spread across two facilities. The site will feature ample surface parking spaces for cars and trailers.

“Atrium Drive illustrates Woodmont’s commitment to delivering high-quality industrial space in one of the Northeast’s most sought-after markets,” said Anthony Amadeo, EVP of Woodmont. “With limited new supply expected through 2026, this strategic redevelopment is well-suited for long-term success.” 

John Alascio and Chuck Kohaut of Cushman & Wakefield coordinated the debt, reportedly $50 million, with New York Life. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Sale/Acquisition
  • ◦Development
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