Cole Schotz Advises on 195,421 SF Class A Industrial Development in NJ
Cole Schotz is advising on the acquisition of the land and development of a two-building, Class A industrial project in New Jersey’s Exit 9 submarket in New Brunswick. The firm is advising the Joyce Kilmer Logistics Center, a joint venture between Faropoint, an industrial real estate investment manager, and Deugen Development, a fourth-generation New Jersey developer.
The project, which totals approximately 195,421 square feet, aims to meet the market’s demand for smaller industrial spaces and will include two 36’ rear-loaded industrial facilities and 32 total loading positions. Construction on the project is expected to begin in early 2025 and delivery is scheduled for Q4 2026.
The Cole Schotz team is led by member Jonathan Goodelman, and includes member Emily Lamond, associate Inga Caldwell and paralegal Rosanne Cohen.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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