Following a joint venture announcement in late 2021, Oxford Properties Group and EverWest Real Estate Investors have closed on $54 million in industrial acquisitions spanning four properties within high-demand central New Jersey locations.
The acquisitions follow the joint venture’s objective to acquire and develop approximately $1 billion (gross asset value) of infill, light industrial properties, focusing on core-plus, value-add product in major U.S. growth industrial markets.
Aligning with that goal, the New Jersey acquisitions represent a mix of core-plus, redevelopment and development strategies to include:
Core-plus. 65 Brunswick Avenue – Edison: 113,079-square-foot warehouse building purchased for $21 million via sale-leaseback with ISC Gums. Features 20–24’ clear height, 100’ truck courts, 11 dock-high/drive-in doors and 4,000 amps of power. The site is located minutes from I-287 and Exit 10 of the New Jersey Turnpike
