Mapletree Investments has acquired a 96.8-acre site at 370 Smithburg Road in Manalapan, N.J., where it plans to develop a 952,720-square-foot best-in-class logistics facility. Completion is expected in first quarter 2028.
“Following recent industrial divestments, we’re proud to reinvest in strategic development opportunities like 370 Smithburg Road that expand our national pipeline and reinforce our commitment to the U.S. logistics sector,” said Richard Prokup, CEO, U.S., Mapletree.
Chiagorom Osu, head of U.S. logistics development at Mapletree, added, “Central New Jersey continues to be an important logistics market, and this project builds on Mapletree’s growing development presence in the state as we continue to invest in high-conviction opportunities across the country.”
The development will feature two warehouse buildings with individual footprints of 300,220 square feet and 652,500 square feet, each with 40-foot clear heights. The site will inc
