Accordia Realty Ventures, EverWest RE Investors to develop 85 Stults Rd. in Dayton, NJ
DAYTON, NJ — A joint venture between Accordia Realty Ventures LLC and a separate account client of EverWest Real Estate Investors LLC began construction on the 203,488 s/f 85 Stults Rd. in Dayton, NJ. Accordia Realty Ventures and EverWest, on behalf of its client, was represented by Joel Lubin, executive managing director, and Brian Golden, executive vice president, both with JLL. The pair worked closely with Joseph Romano and Jason Bogart, principals, at Accordia Realty, and with Mark Bigarel, senior vice president and head of acquisitions, at EverWest, in the acquisition of the site, the planning of the new building and will continue on as the marketing team for the project. The owners acquired the property and the adjacent 83 Stults Rd. building from Hermann's Services Inc. in February 2017. Accordia Realty and EverWest, on behalf of its client, later signed a sale-leaseback with the logistics and distribution company, allowing Hermann's Services to continue to occupy 83 Stults Rd. for one year. JLL represented Accordia Realty and EverWest in both the initial sale and the sale-leaseback.