Riker Danzig's Real Estate Group closed a deal for developer Active Acquisitions on December 20, 2022 in the sale of more than one million square feet of industrial space to Brookfield Properties.
The sale of the two Class A industrial buildings in Jackson Township, New Jersey is the largest dollar volume industrial sale in New Jersey in 2022. The newly-completed industrial property includes a cross-dock building and an adjacent, single-side load building, along with parking for 713 cars and 181 trailers, and offering 168 loading positions. Located close to I-95, the development provides connectivity to New York, Philadelphia and regional ports of Philadelphia, Baltimore and New York and New Jersey.
Real Estate Partners James M. Maggio, Jr. and Nicholas Racioppi, Jr. negotiated the deal for client Active Acquisitions.