Ridgecut Road is excited to add to our portfolio of mission critical industrial and outdoor storage (IOS) assets in Northern NJ with this infill, port proximate property. It was a pleasure working with Jason Lundy and the JLL team to get this transaction closed.
Congratulations to Ridgecut Road on their recent acquisition of 2461 Iorio in Union, NJ. The low-coverage, industrial service facility situated on +/-2.5 acres benefits from it's accessibility to major Northern NJ logistical thoroughfares and provides mission critical industrial outdoor storage capabilities. The supply and demand imbalances within the IOS/ISF industrial subsector continue to attract institutional investment demand as this industrial asset class is the backbone of our supply chain. Thank you to Scott Shalek & Eric Shalek for their continued trust and partnership with the JLL Northeast Industrial Capital Markets team. Marc Duval Jordan Avanzato Nick Stefans #JLLCapitalMarkets #IOS