A joint venture between The Hampshire Companies and Invesco Real Estate has acquired 333 North Street, a warehouse and distribution facility totaling 221,448 square feet in Teterboro, N.J.
JLL Capital Markets arranged $39 million in acquisition financing.
The property is fully leased to Fashion Logistics, a leading third-party logistics provider specializing in warehouse management, distribution and supply chain management services for the lifestyle and fashion industries. The building features 22-foot clear heights, 15 dock-high doors, 11 drive-in doors, 95 parking spaces and 15 trailer parking spaces.
333 North Street is situated on 8.38 acres in the Meadowlands, one of the country’s premier industrial markets, which according to JLL’s
