Brennan JV acquires 10-acre IOS site in Sayreville, N.J.

Brennan Investment Group has acquired a 10-acre industrial outdoor storage property on Jernee Mill Road in Sayreville, N.J., in a joint venture with Global Gate Capital. The site includes a 28,600-square-foot, cross-docked building with 24- to 28-foot clear heights and 16 drive-in bays, allowing for a wide variety of uses.

"This investment expands our presence into central New Jersey with the addition of a class A outdoor storage and cross-dock facility," said Chris Massey, managing principal of the Mid-Atlantic and Northeast at Brennan. "Industrial outdoor storage and industrial service facility space is increasingly scarce in north and central New Jersey, as user demand far exceeds the supply of functional, zoned sites. We have a great site, with excellent connectivity to the New Jersey Turnpike, which is only minutes away."

The property has interstate access via the Turnpike, with a 25-mile drive to the Port of New York and New Jersey. This port is the most active o