Mapletree Investments has acquired a 22.5-acre fully approved site along Burlington-Mount Holly Road in Westampton Township, N.J.
Mapletree plans to develop a state-of-the-art, 250,000-square-foot logistics facility.
“This acquisition highlights our ongoing commitment to expanding our footprint in the U.S., which remains Mapletree’s largest market globally. It also aligns with a key component of our latest Five-Year Plan which focuses on U.S. logistics development in high potential markets,” said Richard Prokup, CEO, U.S., Mapletree.
Chiagorom Osu, head of U.S. logistics development, Mapletree added, “Our strategy centers on acquiring well-positioned sites in both established and emerging markets nationwide where we already have a presence and see opportunities for long-term growth. This project allows us to grow our existing 70 million-square-foot, U.S. logistics portfolio with a premium facility designed to attract a diverse range of occupiers across i
