New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Mapletree Acquires Central NJ Land for 953K-SF Logistics Development
Mapletree Investments has acquired a 96.8-acre site at 370 Smithburg Rd. in Manalapan, NJ, where it plans to develop a 952,720-square-foot logistics facility. Completion is expected in the first quarter of 2028.
“Following recent industrial divestments, we’re proud to reinvest in strategic development opportunities like 370 Smithburg Rd. that expand our national pipeline and reinforce our commitment to the U.S. logistics sector,” said Richard Prokup, CEO, U.S., Mapletree.
Added Chiagorom Osu, head of U.S. logistics development at Mapletree, “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 and 652,500 square feet, each with 40‑foot clear heights. The site will include 366 car parking spaces, 141 trailer parking spaces and 172 dock doors, along with EV charging infrastructure and smart metering technology.
- ◦Development
