Business View City & Municipal | August 2022

103 CIVIL AND MUNICIPAL VOLUME 3, ISSUE 7 Officials Take the Lead: Corporate Citizenship & Collaboration in Old Bridge, NJ Yield Unique Community Amenities for All Boasting a history rooted in the industrial heyday, Old Bridge Township is currently undergoing a renaissance spearheaded by Mayor Owen Henry; Steve Mamaka, Executive Officer/Economic Development; and Business Administrator Himanshu Shah. Together, they are charting a new path and redefining the concept of public official/ private developer partnerships. By embracing a vision that balances green-space amenities and infrastructure enhancements with first-class commercial development, these township officials are committed to stabilizing Old Bridge for the very distant future. “Transportation, geography and a talented labor pool continue to be Old Bridge’s greatest assets as well as the foundation of its enduring appeal and latest revival,” said Efrem Gerszberg, Sole Principal/CEO of 2020 Acquisitions, a private commercial real estate development firm. “What makes this vibrant bedroom community unique is the mindset and vision of its public officials, with whom it is our privilege to collaborate.” As a result of these efforts, and the positive effects of the Class-A Central 9 Logistics Park redevelopment, the following advancements are well underway: • A new 18-hole municipal golf course, including a 3,000SF clubhouse, a driving range and miniature golf. Funding, planning, development and management of the course for the first 10 years is being handled by 2020 Acquisitions. • Highway and roadway infrastructure improvements totaling $16M along Jake Brown Road and Route 9, to which all Central 9 buildings will have direct access. As the main arterial roadway, Route 9 offers unrivaled connectivity to the NJ Turnpike, Garden State Parkway, Outerbridge Crossing, I-287 and Routes 18 and 440. Enhancing safe commercial and private vehicle flow has been a priority for Old Bridge for many years. • Repurposing of 700 acres originally zoned for residential use to establish Central 9 Logistics Park, a +4.2MSF Class-A industrial campus that will eliminate strain on township schools and residential-related municipal services. As a new employment hub, the daytime population also will inject revenue into the local economy. The parcel, which will generate $5M in ratables, is part of a 30-year PILOT Program offering solid tax stability. • Supplemental funding for municipal services and children’s programming, including $100,000 each earmarked for the fire department and tree-planting education that helps youngsters connect with nature. Situated in the southeast corner of Central Jersey’s Middlesex County, Central 9 Logistics Park is a state-of-the-art, all-new-construction industrial center offering direct truck and vehicle access to Route 9 in Old Bridge. Slated for a three-phase 2023 delivery, Cushman & Wakefield is the property’s exclusive leasing agent. ...... For more information, please visit our website www.central9nj.com