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$4.1 Million Deal: Bergen County Set to Acquire Historic Lodi Armory from New Jersey

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$4.1 Million Deal: Bergen County Set to Acquire Historic Lodi Armory from New Jersey

the staff of the Ridgewood blog

Lodi NJ, The future of the Lodi Armory is crystallizing as Bergen County moves to finalize a $4.1 million purchase of the state-owned property. This strategic acquisition will transition the 4-acre facility from the State of New Jersey’s Department of Military and Veterans Affairs to Bergen County control, securing a key administrative and storage hub for local government operations.

The Deal: A Surplus Sale with a Key Condition

The sale of the Armory, located on Essex Street in Lodi, is being facilitated through a legislative process after the property was officially declared “surplus to the needs of the State.” The transaction is outlined in a current Senate bill (S4737/A6074) that grants the State Treasurer the authority to sell the state’s interest to Bergen County as a direct sale.

This acquisition is a significant move for the county, which has been utilizing space at the Armory since 2013 for essential functions:

  • Vehicle Parking and Storage

  • Record Retention

The purchase will be financed by a bond ordinance from Bergen County.

Key Condition of Sale: A crucial component of the deal requires the county to lease back a portion of the property to the state. This will include approximately 6,000 square feet of building space and at least 45 parking spaces to be used for state motor vehicle storage. The rent the state will pay for this space has yet to be finalized.

Financial and Legislative Impact

The $4.1 million purchase price was determined through an appraisal and negotiation process as a direct sale to the county. This purchase ends the county’s current lease agreement, for which officials stated the county was paying the state $264,795 annually in rent.

The proposed sale is now advancing through the New Jersey Legislature:

  • The bill has successfully passed through the relevant committee.

  • It now moves to the full Senate (and must pass both the Senate and the Assembly).

  • Final authorization requires the bill to be signed by the Governor.

This transaction represents a significant investment by Bergen County to consolidate and secure its administrative infrastructure, shifting from a long-term renter to the permanent owner of a valuable, well-located piece of property.

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