Elion Partners has acquired a 207,000-square-foot last-mile industrial asset located at 1000 Jefferson Avenue in Elizabeth, N.J., two miles from the Newark Liberty International Airport.
The $29.7 million acquisition expands the firm’s last-mile portfolio and is a part of a series of acquisitions the firm has planned for its portfolio aggregation strategy across key coastal logistics markets.
“The New Jersey industrial market dynamics support our investment strategy of sourcing in supply constrained locations with strong demographic demand drivers,” said James Lambert, senior managing director of industrial investments at Elion. “We look forward to continuing the expansion of Elion’s logistics portfolio across the Northeast.”
The firm plans to continue to pursue an investment strategy focused on first-, middle-, and last-mile logistics real estate, targeting core, infill coastal markets exhibiting positive growth and demographics. In 2020, Elion acqu
