Woodmont completes multimillion-dollar renovation of industrial property in the Meadowlands submarket

Woodmont Industrial Partners on Monday said it recently completed a multimillion-dollar renovation at 2 Terminal Road, a 30,000-square-foot warehouse and distribution facility in Lyndhurst.

Situated in the highly desirable Meadowlands submarket, 2 Terminal Road offers an ideal location for companies looking to establish last-mile delivery operations. The property is located at the intersection of Routes 3 and 17 and presents unmatched access to New York City, the region’s ports and major highways in the tri-state region. After acquiring the property in September 2022, Woodmont began a comprehensive capital improvement program to upgrade the entire premises. Specific improvements include a new roof and front entrance; motion sensor LED lighting; painting of the building’s interior and exterior; new paving and landscaping; built-out office space; and additional loading doors.

“The completion of the multimillion-dollar renovation of 2 Terminal Road showcases Woodmont’s vision, creativity and unwavering dedication to delivering exceptional product that enhances the commercial landscape and caters to the needs of tenants,” Anthony Amadeo, executive vice president of Woodmont, said. “New Jersey’s Meadowlands submarket continues to stand strong amid a fluctuating economy, and leasing and tenant activity in Q1 suggests demand for industrial space in the area will continue. We look forward to continuing our activity in this submarket and New Jersey overall.”

Additional features of 2 Terminal Road include ample paved on-site parking, full climate control, 18-foot ceiling height and access to a strong local workforce, setting it apart from the competition. Lee & Associates’ Michael Schaible and Troy Wisse serve as the exclusive leasing brokers for the property.

“The positive market response that 2 Terminal Road has garnered thus far underscores its appeal and suitability for businesses looking to establish themselves in the Meadowlands. This interest is also further testament to the quality and value of Woodmont’s endeavours, and we’re excited to continue showcasing the property’s potential to prospective tenants,” Schaible said.

Over the past year, Woodmont has celebrated several key acquisitions, groundbreakings and completions in the most active industrial growth markets in the country. The team remains extraordinarily active in Northeastern states, including New Jersey, New York and Pennsylvania, as well as Florida and Texas, with approximately 8 million square feet of industrial space in its active pipeline for development and/or renovation.