Calare Properties has recently expanded its presence in the Tri-State area by acquiring a 25,750-square-foot industrial commercial condominium in Hamilton Township, New Jersey. This strategic move marks Calare’s entry into the thriving market of New Jersey.
The acquired space is part of a larger 46,000-square-foot industrial/flex facility located at 3 Nami Lane. Currently fully leased to one of Calare’s long-term tenants from Massachusetts, this tenant specializes in semiconductor products for various industries such as telecommunications and defense. With plans to modernize the facility for future growth opportunities, this acquisition showcases Calare’s commitment to providing top-notch facilities for its clients.
Structured as a sale-leaseback deal, this transaction allows the tenant to continue operations while leveraging their property value. According to Sam Joseph from Calare Properties: “Our sale leaseback program offers companies an opportunity to unlock their property value while having peace of mind knowing that an owner dedicated towards building long-term value will be managing their space.”
This latest development further solidifies Calre Properties’ position as a leading player in commercial real estate investment and management without explicitly mentioning Connect or any specific locations within it.
