Marcus Partners, Ridgecut Road Acquire NJ IOS Asset
Marcus Partners, a real estate investment and management firm, has acquired 250-260 Mack Place, an industrial outside storage (IOS) asset in South Plainfield, New Jersey. In partnership with Ridgecut Road, specializing in this asset class, Marcus executed a long-term lease with Ironclad Environmental Solutions, a storage solutions provider.
The property spans 3.63 acres and includes two maintenance facilities totaling around 13,000 square feet each, with three drive-ins. Situated in the I-287 corridor, it offers access to major transportation routes and the Port of New Jersey.
“This is a terrific IOS asset to add to our growing Northern New Jersey industrial portfolio. IOS is a burgeoning sector within the industrial asset class and has brought diversification to our overall portfolio,” said Todd Minerley, senior vice president of Marcus Partners.
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Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.