Cole Schotz Advises Faropoint and Deugen Development on a 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-foot rear-loaded industrial facilities and 32 total loading positions. Construction on the project is expected to begin in early 2025, with delivery 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.