Ridgecut Road and Matterhorn Venture Partners Acquire Infill IOS Asset in Northern NJ

CHICAGO, April 1, 2025 /PRNewswire/ -- Ridgecut Road, in partnership with Matterhorn Venture Partners ("MVP"), is pleased to announce the successful acquisition of 1401 East Linden Avenue, a 1.7-acre industrial outdoor storage (IOS) facility in Linden, NJ. Situated in a high-demand industrial submarket, the property features a 17,000 square foot masonry building just 10 miles from Newark International Airport and Port Newark.

The property is uniquely positioned as a cross-dock warehouse facility with 9 loading docks in addition to a maintenance facility with 3 oversized drive-in doors offering functionality to a wide range of high-throughput users in this infill location. The site offers irreplaceable access to major distribution routes in Northern NJ including Routes 1 and 9, I95 and I278.

The property will be fully repositioned into a class A IOS facility with a capex program to improve curb appeal and functionality, including new dock doors and packages, new oversized drive-in doors, upgraded exterior lighting, enhanced fencing, new roof, repaving and repatching heavy-duty concrete apron, office refresh (paint, carpet, tile), and repainting the interior and exterior of the building.  

Scott Shalek, Principal at Ridgecut Road, expressed enthusiasm for the project: "1401 East Linden Avenue is a key addition to our portfolio. With its strategic location minutes from Port Newark and our planned capital improvement program, we're confident this property will attract high-quality IOS tenants and deliver long-term value."

Scott McKibben, CEO of Matterhorn Venture Partners, added, "We're proud to partner with Ridgecut Road in this acquisition. Their expertise and vision for the property align perfectly with our strategy of investing in infill value-add industrial assets."

The asset is currently on the market for lease with Christian Walsifer and David Thomas at Blau & Berg.

Dylan Kane at Colliers arranged the acquisition financing with Emerald Creek Capital. 

For more information, please contact:
Ridgecut Road
Scott Shalek
scott@ridgecutroad.com
www.ridgecut-road.com

Matterhorn Venture Partners
Scott McKibben
scott@matterhornvp.com
www.matterhornvp.com

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SOURCE Matterhorn Venture Partners LLC