“A community with vibrant housing is bound to grow, and we believe this new construction will help our town continue to develop,” said Deputy Mayor Chris Banks.

According to a Dec. 19 announcement, the new owner is "adding to his growing real estate portfolio and providing much needed flex space to the area."

Executive Vice President Joni Sweetwood and Vice President Julie Gralla represented both parties in the sale of the building, which is located at 643-715 East Front St.

The company will use the space at 2062 U.S. Route 322 for manufacturing and distribution, as LogistiCenter at Woolwich will allow them to produce and deliver products more efficiently.

The Ridgewood debut follows that of its successful sister community The Benjamin, which leased up in just 50 days in spring 2021.

The project project will include 967 residential units, 80,000 square feet of retail space, two 125-room extended stay hotels, an outdoor amphitheater and a walking trail along the Whippany River.

According to the firm, its Northeast mixed-use portfolio and development pipeline is continuing to expand. And in her new post, Tricia Wood will assist that to push to a large-scale expansion.

The property boasts 21,725 square feet.

The retail development includes more 370,000 square feet of space, occupied by national and regional tenants.

The network of community hospitals and health care facilitates serving Morris and Sussex counties occupies 11,824 square feet of medical office space at the property.

“This lease exemplifies how Glenpointe’s high level of adaptability, full suite of in-demand amenities and unparalleled location continue to make it a destination for tenants from across the state’s robust business community," said Alfred Sanzari Vice President and Director, Leasing and Marketing Jerry Barta.

The project will bring 337 units to the city's up-and-coming West Side neighborhood.