A vacant industrial property in Hamilton Township has been acquired through a joint venture of Lincoln Property Co. and Ullico Investment Advisors, JLL has announced.
The Class A property at 861 Sloan Avenue is 138,851 square feet and is being prepared for immediate occupancy by a company seeking an East Coast logistics facility.
“The acquisition of 861 Sloan Avenue afforded us a rare opportunity to acquire a well-configured, quality industrial asset at an attractive basis,” said Ben Bucci, executive vice president and market leader for Lincoln’s New Jersey office. “Our team is bullish on these types of tactical investments in existing industrial real estate, as well as new development opportunities throughout the tri-state region.”
“We are thrilled about our first investment with Lincoln Property Company,” said Jim Darcey, managing director for Ullico.
The seller, Commercial Development Company, was represented in-house in the deal negotiations.
Lincoln Property Co. and Ullico Investment advisors have acquired 861 Sloan Avenue in Hamilton.,
