New York & Tri-State + New Jersey + Industrial | May 25, 2023

Prologis Acquires NJ Industrial Property for $6M

Prologis, the world’s largest industrial real estate company specializing in supply chain logistics, has acquired a 24,500 square feet industrial property at 80 Hancock Street in Lodi, NJ, for $5.55 million.

Prologis plans to retain the property as an industrial investment. In addition, the company sold the neighboring industrial property, 65 Industrial Road, in 2020, encompassing 197,000 square feet on seven acres.

CBRE represented Prologis in the negotiations with a team of Elli Klapper, Jeremy Wernick, Mark Silverman, Charles Berger, Kevin Dudley, Nick Klacik, and Chad Hillyer. Prologis has retained the team as the exclusive leasing agent for the property.

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About Emily Fu

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.

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