Woodmont Properties Finds New Home in Fairfield, N.J.
Woodmont Properties, a regional real estate company that develops, builds, markets, manages, and invests in a diversified range of real estate, including office, industrial and multifamily, has moved its offices from Chatham to Fairfield, N.J. this month in an effort to accommodate its growth.
The company, which has a 49-year history, will occupy approximately 10,000 square feet in the Greenbrook Executive Center located at 100 Passaic Ave, which is owned by Acordia Realty Ventures.
“Woodmont and its employees are excited to be moving into a fresh new space as we accommodate the growth and regional expansion we’ve experienced in all facets of our real estate business including the launch of Woodmont Industrial Partners,” said Eric Witmondt, Chief Executive Officer of Woodmont Properties. “Having a much more efficient space will allow our management team and staff to continue the company’s pursuit of new opportunities in the real estate market place. We look forward to continuing this expansion as we identify and invest in growth areas in the northeast.”
As a multi-disciplined organization, Woodmont Properties specializes in land entitlements, development, design, construction, asset management, sales, leasing, marketing, and property/asset management Woodmont performs this work primarily through its in-house expertise and has built a significant track record of success.
In 2011, Woodmont launched a new division, Woodmont Industrial Partners that focuses on acquiring industrial properties in select, high-barrier-to-entry and globally oriented seaport and inland port markets in the Eastern United States. Earlier this year, the division formed an investment platform with AEW Capital Management L.P., to acquire approximately $250 million in industrial properties. In their first acquisition, they jointly acquired the I-78 Logistics Centerlocated at 111 Cokesbury Road in Clinton, N.J.
On the residential side, Woodmont’s premier developments include Saddle River Grand, 68 luxury manor homes, which recently reached the 98-percent-sold milestone in 5 months. Woodmont recently completed 100 apartments at Woodmont Square in Bridgewater and 216 Apartments at Woodmont Place in Palmer Pa. Woodmont plans to start 136 Apartments in Hanover and 96 apartments in Red Bank in 2012.
The company’s first-class commercial properties include Woodmont Corporate Center in Whippany, Roxbury Business Park in Ledgewood, The Offices at Commerce Center in Dover, and 2 Campus Drive in Parsippany.
About Woodmont Properties
For 49 years, Woodmont Properties, based in Fairfield, N.J., has contributed to the region’s residential and commercial marketplace by developing residential communities, office buildings, hotels/hospitality, retail centers and industrial properties in suburban communities, town centers and cities in New Jersey, New York and Pennsylvania. Woodmont Properties' success in developing both residential communities and commercial properties is derived from a unique blend of innovation, integrity, the selection of superior locations and quality design.