Marcus Partners Launches Office to Industrial Redevelopment in Whippany, NJ
Project Continues Firm’s Successful Conversion Strategy to Replace Underutilized Space with High Demand Class A Logistics Facilities
Marcus Partners recently secured a site at 35 South Jefferson Road in Whippany, NJ and launched construction to tear down the existing office space and develop a 72k SF Class A logistics facility. The project is expected to deliver in Q3 2026 and extends the firm’s demonstrated capability to identify change-of-use opportunities and develop highly functional in-demand industrial facilities.
“Our expertise in finding these underutilized and outdated properties with exceptional regional access has continued to deliver successful projects and returns for our investors,” said Todd Minerley, Senior Vice President, Investments for Marcus Partners. “Whether it is Class A logistics space or new multifamily properties, unlocking the value in these metrocentric sites is proving our strategy continues to be sound and dynamic in multiple markets.”
With site work starting immediately, the project includes demolition of an existing 40k SF vacant office building and construction of a modern, 36’ clear, 72k SF warehouse/distribution facility on the 6.6-acre site. The size and flexible design make the new building ideal for single or multi-tenant use in a supply-constrained market. The new modern, efficient space is set to benefit from high continued tenant demand in the sub-100k SF segment.
Truist Bank is working with Marcus Partners as lender for the transaction. Chris Koeck and his team from Newmark brokered the transaction. Michael Klein and Mike Lachs of JLL assisted Marcus Partners with the debt placement.
About Marcus Partners
Marcus Partners is a vertically integrated real estate firm with a team that has a 30-plus year 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, and other property types where it can create value and maximize risk-adjusted returns. Marcus Partners and its affiliates own, control, operate or are developing 7M+ square feet of real estate and 3,300+ multifamily units.
24 September 2025