Lincoln JV Acquires Industrial Near NJ Turnpike

Lincoln Property Company and joint venture partner Ullico Investment Advisors acquired a 138,851-square-foot Class A industrial asset in Hamilton Township, NJ. The vacant building is located at 861 Sloan Ave., close to multiple key transportation routes including the New Jersey Turnpike, and is being prepped for immediate occupancy.

“The acquisition of 861 Sloan Ave. afforded us a rare opportunity to acquire a well-configured, quality industrial asset at an attractive basis,” said Ben Bucci, EVP and market leader for Lincoln’s New Jersey office. “Our team is bullish on these types of tactical investments in existing industrial real estate, as well as new development opportunities throughout the Tri-State region.”

Lincoln will provide property management services for the building. Claudia Ganas, Monica Franco and Ana Carolina de Araujo of Lee & Associates are marketing the property for lease.

The seller, Commercial Development Company, was represented in-house. Terms of the sale weren’t disclosed.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation!