Faropoint to develop 195,421 SF Class A industrial development project in high-demand Exit 9 submarket
Hoboken-based real estate investment manager Faropoint on Friday said it plans to develop Joyce Kilmer Logistics Center, a two-building Class A industrial development totaling approximately 195,421 square feet in New Jersey’s Exit 9 submarket.
The project, which is being executed in partnership with Deugen Development, a fourth-generation New Jersey developer with an extensive market presence, addresses the market’s growing demand for smaller industrial spaces in this strategic location.
Cole Schotz is advising on the acquisition of the land and the development. The Cole Schotz team is led by member Jonathan Goodelman, and includes member Emily Lamond, associate Inga Caldwell and paralegal Rosanne Cohen.
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