Invesco Real Estate has recently acquired a 216,000-square-foot cross-dock warehouse facility in South Brunswick Township, New Jersey. The property boasts 33 loading doors and clear heights of up to 30 feet, making it an ideal space for logistics operations. Currently fully leased to a third-party logistics company specializing in coast-to-coast shipping, the terms of the sale were not disclosed.
The transaction was arranged by a team from JLL led by Jordan Avanzato and Marc Duval. Other members including Nicholas Stefans, Jason Lundy, Jose Cruz and Conor Walsh also played key roles in securing the deal.
According to Avanzato: “The demand for prime real estate in New Jersey remains strong with no signs of slowing down.” He further added that “the Exit 8A market is one of the top-performing markets in New Jersey with consistent rent growth and impressive absorption rates.”
This recent acquisition adds another successful venture to Invesco Real Estate’s portfolio as they continue their strategic expansion into high-demand markets across the country.
