JV Launches Spec Industrial Along Exit 8A Corridor
A joint venture between Accordia Realty Ventures LLC and a separate account client of EverWest Real Estate Investors LLC has begun construction on the 203,488-square-foot 85 Stults Rd. in Dayton, NJ. A JLL team of Joel Lubin and Brian Golden will market the property, being developed adjacent to the fully leased 83 Stults Rd.
The team of Lubin and Golden has worked with the JV since the venture acquired 83 Stults and the land for 85 Stults in February 2017. At the time, the land for 85 Stults was not entitled, “but the site is adjacent to the New Jersey Turnpike’s Exit 8A, in the midst of the hottest industrial market in the state, and there is very little supply in this submarket,” said Golden.
Lubin and Golden worked closely with Accordia’s Joseph Romano and Jason Bogart and EverWest’s Mark Bigarel on the acquisition and planning of 85 Stults.
For comments, questions or concerns, please contact Paul Bubny