August 14, 2019 Comments Off on Colony Snares 30-Bldg. NJ Industrial Portfolio Views: 352 New Jersey, New York News, Tri-State Area New York

Colony Snares 30-Bldg. NJ Industrial Portfolio

A 30-building New Jersey industrial portfolio has traded to Colony Industrial for an undisclosed price. Hamphire Real Estate Companies was the seller, represented by a CBRE capital markets team of Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki in partnership with CBRE vice chairman Thomas Monahan.

Totaling more than 1.3 million square feet and 99% occupied, the assets are located within the Northern New Jersey industrial market. Also included in the transaction were three development sites located in Carteret and West Caldwell, NJ and totaling 46 acres.

“This portfolio offered Colony Industrial the very rare opportunity to acquire a critical mass of high-quality industrial assets and a future development pipeline in a joint venture structure with Hampshire Real Estate Companies, one of the most respected developers in New Jersey,” said Fiumara.

Pictured: 700 Blair Rd., Carteret, NJ

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