Roxbury, NJ — Dalfen Industrial has acquired a 470,044 s/f industrial building located in Roxbury. The development project was sourced off-market by Joel Lubin, Gary Politi and Chris Hile of JLL. The strategic last mile location of this property provides the opportunity for the tenant to service the greater NYC metropolitan area. Notable tenants in the area include Amazon, UPS, and Seiko. Roxbury Logistics Center was completed in 2022, having been acquired off-market by Dalfen. This rear-load property offers class A building amenities including a 40’ clear height, high quality speculative office, 48 docks, and adequate parking for both cars and trailers. The I-80/Morris County industrial submarket has strong tenant demand and many barriers to entry, including lack of developable land and large concentrations of institutional ownership, keeping its vacancy at near 5%.
“Dalfen is excited to expand our New Jersey footprint. The ability to acquire a state-of-the-art industrial property in a growing submarket with excellent proximity to I-80 and strong demographics makes Roxbury Logistics Center a great addition to our portfolio,” said, Mike Cohen, head of US acquisitions, for Dalfen Industrial. “We intend to continue growing our presence in Northern New Jersey through acquiring and developing properties in last mile locations”.