**Taconic Partners Acquires 360,000 SF Industrial Facility in New Jersey for $74.3M**
Taconic Partners has expanded its industrial footprint with the acquisition of a 360,000-square-foot facility in North Brunswick, NJ, for $74.3 million. The property, located at 1735 Jersey Ave. near Exit 9 of the New Jersey Turnpike, is fully leased and marks Taconic’s second industrial acquisition in the state. The deal was supported by $46.6 million in financing from JPMorgan.
“As we look to expand our industrial presence in the Tri-State market, 1735 Jersey Avenue was a highly attractive, off-market opportunity in a submarket with strong tenant demand and low vacancy for Class B product,” said Chris Balestra, president and CIO of Taconic Partners.
The transaction was brokered by a JLL investment sales team that included Managing Director Jordan Avanzato, Senior Managing Director Marc Duval, Senior Director Nicholas Stefans, and Director Jason Lundy. Financing was arranged by a JLL capital markets team featuring Senior Managing Directors Evan Pariser and Aaron Niedermayer.
