Ridgecut Road, partner Brennan Investment Group acquire 10-acre site in N.J.
Ridgecut Road and its partner, Brennan Investment Group, announced they have acquired 700 Jernee Mill Road, a 10-acre site with 6.5 usable acres, positioned for trailer parking and industrial outdoor storage in Sayreville, Middlesex County, N.J.
JLL worked on behalf of the joint venture, to secure financing and joint venture equity for the acquisition loan through a regional bank.
The property is in the heart of the Middlesex County submarket and offers access to Northern New Jersey’s transportation network. It is 35 minutes from the Port of Newark, with direct access to U.S. Route 9 and State Route 18 as well as to Interstate 95 and I-287.
700 Jernee Mill Road contains a 28,500-square-foot warehouse featuring clear heights ranging from 24 to 28 feet, 14 drive-in doors and 6.5 acres of truck parking and IOS space. It is a low-coverage industrial property that offers tenants scale, which is difficult to find in a supply-diminishing market.