Bain Capital and Oliver Street Capital (OSC) have acquired an industrial portfolio primarily located in the northern New Jersey market for $208 million.
The private, off-market transaction was completed via a joint venture between Bain Capital’s Real Estate team and OSC that focuses on acquiring high-quality, infill industrial properties in select, supply constrained markets.
The value-added portfolio consists of 11 class B warehouses spread across top infill submarkets in northern New Jersey and represents a combined 784,000 square feet. The light industrial properties feature desirable warehouse suite sizes averaging 23,000 square feet. The portfolio is 88 percent leased to a mix of local and national tenants.
“This is a compelling opportunity to meaningfully scale and diversify our infill industrial portfolio in the northern New Jersey market, one of the country’s most supply constrained and strategically important warehouse markets serving the unmat
