Colony Industrial buys light industrial warehouses in Northern N.J. and Las Vegas

Colony Industrial has acquired a class A building in Northern New Jersey with 271,176 square feet and two class A light industrial buildings in Las Vegas totaling 423,786 square feet.

Colony Industrial is the industrial platform of Colony Capital, a diversified global real estate investment firm with $43 billion of assets under management.

The Northern New Jersey property is located at 100 Performance Drive in Mahwah, N.J. The warehouse building was constructed in 2018 and is 100 percent leased to Snow Joe with a long-term lease. This acquisition is the second and final tranche of closing for the Northern New Jersey Last Mile Logistics Portfolio, for which Colony Industrial closed the first tranche on June 21, 2018, along with the acquisition of 10 other buildings announced on July 11, 2018. This will bring Colony Industrial’s holdings in Northern New Jersey to 910,857 square feet. The building is located in Bergen County, N.J., directly off Route 17, with conv