515 Monmouth Street. Picture courtesy of Cushman & Wakefield
Brookfield Properties has bought a two-building industrial growth in Jackson, N.J., totaling greater than 1 million sq. toes. Cushman & Wakefield represented the vendor, a partnership of Energetic Acquisitions, Stonecutter Capital and Columbus Sq. Administration, and procured the client.
Absolutely delivered this month, the Class A property consists of a 617,452-square-foot cross-dock constructing and a 383,092-square-foot single-side loading constructing. The property options 40-foot clear heights, a 185-foot truck courts, 168 loading positions, 181 trailer parking spots and 713 car parking spots.
The mission is located at 515 Monmouth Street, 22 miles from Trenton, N.J., near interstates 95 and 195, permitting quick access to New York, Jersey Metropolis, N.J., in addition to to Philadelphia its regional ports.
The Cushman & Wakefield group concerned within the deal included Govt Vice Chairmen Gary Gabriel and David Bernhaut, together with Govt Managing Director Kyle Schmidt and Senior Analyst Seth Zuidema.
Earlier this month, Brookfield introduced the groundbreaking of a 325,710-square-foot, Class A industrial mission, located in East Windsor, N.J. Designed to realize LEED certification, the ability is slated for supply in early 2024. In August, the corporate acquired a 161-acre website alongside Interstate 287, for the event of a three-building, 1.2 million-square-foot distribution campus in Suffern, N.Y.
