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

JV of Bain Capital, Oliver Street Pays $208M for NJ Industrial Portfolio

A joint venture of Bain Capital and Oliver Street Capital acquired an industrial portfolio primarily located in the Northern New Jersey market for $208 million. The value-add portfolio consists of 11 Class B warehouses spread across top infill submarkets and represents a combined 784,000 square feet.

The light industrial properties feature warehouse suite sizes averaging 23,000 square feet. The portfolio is currently 88% leased to a mix of local and national tenants.

“This is a compelling opportunity to meaningfully scale and diversify our infill industrial portfolio in the Northern New Jersey market, one of the country’s most supply-constrained and strategically important warehouse markets serving the unmatched consumption base of the New York City MSA,” said Ryan Cotton, head of Bain Capital’s real estate team. “This portfolio is tailor-made for our thematic infill strategy, with the majority of properties concentrated in our highest conviction submarkets.”

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Inside The Story

Bain Capital's Cotton

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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