JLL Capital Markets arranges the sale of the New Jersey value-add industrial portfolio

PHILADELPHIA, PA —JLL Capital Markets announced the sale of an 11-building industrial portfolio totaling 893,625 s/f located between Exits 2 and 14 of the NJ Tpke.

JLL represented the institutional seller in the sale to EQT Real Estate.

The portfolio consists of eleven fully leased industrial assets totaling 893,625 s/f and presented an investor with the opportunity to acquire a critical mass of infill industrial product. The properties are located in highly concentrated industrial pockets, offering access to the population centers of Philadelphia and NYC, as well as the unparalleled distribution infrastructure across NJ.

The JLL Investment Sales and Advisory team was led by senior managing director John Plower, senior director Ryan Cottone and Managing directors Nicholas Stefans and Jason Lundy.

The portfolio is fully leased to a diverse tenant roster.