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New York & Tri-State  + New Jersey  + Industrial  | 

Colony Snares 30-Bldg. NJ Industrial Portfolio

A 30-building New Jersey industrial portfolio has traded to Colony Industrial for an undisclosed price. Hamphire Real Estate Companies was the seller, represented by a CBRE capital markets team of Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki in partnership with CBRE vice chairman Thomas Monahan.

Totaling more than 1.3 million square feet and 99% occupied, the assets are located within the Northern New Jersey industrial market. Also included in the transaction were three development sites located in Carteret and West Caldwell, NJ and totaling 46 acres.

“This portfolio offered Colony Industrial the very rare opportunity to acquire a critical mass of high-quality industrial assets and a future development pipeline in a joint venture structure with Hampshire Real Estate Companies, one of the most respected developers in New Jersey,” said Fiumara.

Pictured: 700 Blair Rd., Carteret, NJ

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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