Bridge Point South Plainfield II
Update
05/03/24
Developer Lands $28.5M Loan for NJ Warehouse Project
Developer, , has just obtained a $25 million loan for a Class-A, industrial warehouse project, soon to rise at 1 Cragwood Road in South Plainfield, New Jersey. Issued by CIBC, this influx of capital will be used to fund all construction costs from the ground up.
Known as "Bridge Point South Plainfield II", the square foot building will cater to large distribution operations and feature 26 loading dock doors, 2-drive-in doors, 36-foot interior clearance heights, and an employee parking lot, with enough room for vehicles.
The lot is currently occupied by an office building (which will have to be demolished), and the property spans 14.825 acres (approximately 646,000 square feet). Located just off Interstate 287, the development will be conveniently positioned for efficient logistics. The project is expected to be completed by the end of 2024.
