Old Bridge Logistics Center Receives Two Industry Awards

22 May, 2024

 

Central 9 Logistics Park, a nine-building, 4.2 million square foot warehouse campus, has been honored with the United Way of Northern New Jersey 2024 Industrial Impact Award and the NAIOP New Jersey Industrial Deal of the Year. These accolades highlight the significant contributions and impacts of this expansive development in Old Bridge.

Central 9 Logistics Park stands out as one of New Jersey’s largest public-private partnerships. Spanning 800 acres, this impressive development brings numerous benefits beyond its primary function as a logistics hub. The project includes more than $35 million in offsite improvements, such as a new 18-hole municipal golf course and traffic upgrades. Additionally, the initiative includes the planting of 10,000 new trees and the preservation of 300 acres of land, showcasing a strong commitment to environmental sustainability.

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As part of its partnership with Old Bridge, the developer planned, funded, and constructed an 18-hole public golf course, fulfilling a long-standing ambition of the township’s open space program. The logistics park has also made a substantial economic impact, creating over 2,000 jobs and bolstering the regional economy. Its first lease was signed in 2023 with Paragon Packaging, an innovative woman-owned business. The project team includes 2020 Acquisitions, Paragon Packaging, Cushman & Wakefield, Newmark, Alston Construction, M+H Architects, Bohler, Giordano, Halleran & Ciesla PC, and Old Bridge Township.

United Way of Northern New Jersey 2024 Industrial Impact Award

The United Way Commercial Real Estate Network, established in 1999, is a collaborative initiative between the commercial real estate industry and United Way of Northern New Jersey. The network, which is comprised of dedicated volunteers from the industry and local corporations, offers members the chance to make a significant and lasting impact in their communities. Over the years, the Network has raised more than $4 million to support struggling families, individuals, and nonprofit partners.

 

Each year, the Network presents the Industrial Impact Award to a commercial real estate team whose project, sale, lease, or transaction has had the most positive impact in the region. This prestigious award recognizes efforts that exemplify community commitment through increased employment, environmental initiatives, quality urban revitalization, and other tangible regional improvements. This year, the Central 9 Logistics Park was selected for its outstanding contributions, particularly its environmental and economic benefits.

NAIOP New Jersey Industrial Deal of the Year

NAIOP New Jersey also honored the Central 9 Logistics Park with the Industrial Deal of the Year award, recognizing its excellence in real estate and economic development. Honorees are celebrated for their commitment to transforming New Jersey communities and bringing a lasting and positive impact to the state, industry, and association.

 

The Central 9 Logistics Park’s dual recognition by both the United Way of Northern New Jersey and NAIOP New Jersey underscores its significant role in advancing economic development, enhancing community infrastructure, and fostering environmental stewardship. These awards reflect the project’s success in creating a sustainable, economically vibrant future for Old Bridge and beyond.

Learn more about the property here.

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