Realterm acquires Northern New Jersey industrial outdoor storage facility

Realterm acquires Northern New Jersey industrial out of doors storage facility



Realterm acquires Northern New Jersey industrial out of doors storage facility

Annapolis, Md. (January 30, 2023) – Realterm pronounces the acquisition of 20 Jackson Highway, an industrial out of doors storage facility with a 6,960-square-foot warehouse in Totowa, New Jersey. Located on 3.0 acres, the property has a totally paved and lit yard with two factors of ingress and egress.

“Northern New Jersey is among the most extremely sought-after markets within the nation by each traders and customers,” stated Ed Brickley, Managing Director and Senior Fund Supervisor, Realterm. “20 Jackson Highway’s location, structure and acreage make it a fascinating choice for tenants seeking to service Northern New Jersey that don’t should be within the Meadowlands or Port markets.”

20 Jackson Highway affords an environment friendly and practical form, permitting customers to maximise operational effectivity. Realterm plans to replace the LED lighting within the warehouse, add a ramp to allow drive-in capabilities in addition to make asphalt repairs. The property affords quick access to the Lincoln Tunnel and George Washington Bridge in addition to to I-80, NJ-3, I-280 and I-95.

“Robust demand for out of doors storage amenities persists within the New Jersey market from a wide selection of person sorts” stated Mitch Arthur, East Area Acquisitions, Realterm. “This acquisition is the newest instance of Realterm’s technique of buying and working well-located, high-flow-through properties in prime nationwide markets.”

Highlights of 20 Jackson Highway embrace:

• Sq. toes: 6,960 sq. toes

• Land space: 3.0 acres

• Dock-Doorways: 3

• Entry: I-80, NJ-3, I-280, I-95, Holland Tunnel, Lincoln Tunnel, George Washington Bridge, Port of Newark and Newark Airport

Torsten Thaler, Steve Shoemaker and Tom Tucci represented Realterm and facilitated the transaction.

A picture of 20 Jackson Highway may be discovered right here.

About Realterm

Realterm is an unbiased world funding supervisor centered on the transportation business. We purchase, develop, finance and handle differentiated actual property and infrastructure belongings serving land, air, sea and rail networks in North America, Europe and Asia Pacific. Realterm at present manages over $11 billion in belongings throughout 5 transportation logistics-oriented personal fairness fund collection: Realterm Airport Logistics Properties (RALP), an open-end, core-plus fund investing into excessive movement via (HFT®) on-airport logistics actual property all through North America; Realterm Logistics Revenue Fund (RLIF), an open-end, core-plus fund, and the Realterm Logistics Fund (RLF) Collection, a closed-end, value-added fund collection, each of which make investments into HFT floor transportation logistics actual property all through the U.S.; Realterm Europe Logistics Revenue Fund (RELIF), an open-end, core-plus fund, and Realterm Europe Logistics Fund (RELF), a closed-end, value-added fund collection, each of which make investments into HFT logistics actual property all through Europe.

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