Marcus Partners Acquires Fully Leased Industrial Property in Piscataway, NJ
Marcus Partners adds 151 Old New Brunswick to its Growing Portfolio
Marcus Partners is expanding its New Jersey industrial portfolio with the acquisition of 151 Old New Brunswick Road in Piscataway, NJ. This 89,070 SF existing industrial property is well-located in the heart of Piscataway just 500 feet from the exit ramp of I-287 and less than 30 minutes south of the Port. This newly renovated property contains high ceilings, heavy power, and an abundance of parking. The tenant will remain in the property as part of the transaction. JLL represented both seller and buyer on the sale.
“Even in today’s challenging market, we continue to find compelling value-add opportunities that align with our investment strategy along the Northeast corridor,” said Todd Minerley, Senior Vice President at Marcus Partners. "Joel Lubin with JLL played a vital role from start to finish and we appreciate his tireless efforts on our behalf to add this property to our growing New Jersey portfolio.”
About Marcus Partners
Marcus Partners is a vertically integrated real estate firm with a strong history of successful investment, management and development. The firm is headquartered in Boston, with regional offices in New Jersey, Connecticut and Metro Washington, D.C. The firm focuses on strategic and opportunistic investment strategies across industrial, multifamily, life science, and other property types where it can create value and maximize risk-adjusted returns. Marcus Partners and its affiliates owns, controls, operates or is developing 7M+ square feet of real estate and 1,900+ multifamily units. For more information, please visit www.marcuspartners.com
15 March 2023