Bridge Development Partners attracted a second tenant to its planned 3.85 million-square-foot Bridge Point 78 logistics industrial park in Warren County, New Jersey.
Mark Anthony Brands, which signed a 7-year lease, is expected to occupy nearly 420,000-square-feet of space in one of six buildings as a distribution hub for its popular White Claw, a line of hard seltzers.
Mark Anthony Brands plans to initially hire 50 associates and then raise its workforce to about 100 employees, once its facility reaches full operation. As part of the distribution network serving liquor stores that are open in New Jersey during the COVID-19 emergency, the operation has been deemed an essential business.
“We’re excited to welcome one of the country’s most diversified and successful beverage companies to Bridge Point 78, which will create up to 100 jobs for residents of Warren County and the surrounding area,” said Jeff Milanaik, Northeast region partner for Chicago-based Bridge. “This agreement helps further establish this area as an emerging hub for distribution and fulfillment services, and we look forward to bringing additional tenants aboard that can fuel continued economic growth across New Jersey and the Lehigh Valley.”
Milanaik credits a savings from a payment in lieu of taxes agreement and “unprecedented cooperation” from local officials to expedite all inspections and approvals, along with an abundance of local labor, as key to securing the lease with Mark Anthony Brands.