Marcus Partners Acquires 100 Fulton Street in Boonton, New Jersey
Marcus Partners, a real estate investment, management, and development firm, is expanding its Northern New Jersey industrial portfolio with the acquisition of 100 Fulton Street in Boonton NJ. The soon-to-be vacant 111,548 SF industrial property presents a compelling opportunity in this market due to its high ceiling height and up to 1.75 acres of outdoor storage on the site.
“This asset has several compelling characteristics that are not commonly seen in this market. The combination of size, ceiling height, and outdoor storage area are major differentiators for 100 Fulton. We are excited to add this asset to our growing portfolio in Northern New Jersey and believe 100 Fulton will be a preferred option for prospective tenants,” said Todd Minerley, Senior Vice President of Marcus Partners.
Originally constructed in the 1970s, this single-tenant building features a 29-35’ clear warehouse that includes +/-7,500 SF of recently updated office space. The property also includes ample parking, an abundance of loading, 2,000 amps of power, outdoor storage, and a sought-after location near major highways. 100 Fulton, located in the strong Northern New Jersey market, is strategically located within .64 miles of I-287, +/- 4 miles of I-80 and +/- 30 miles of the Port.
The seller was represented by Binswanger and Marcus Partners was represented by Lerman Sanders Realty.
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 Metro New York and the Mid-Atlantic. 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 1,700+ multifamily units. For more information, please visit www.marcuspartners.com
7 November 2023