JLL arranges sale of New Jersey industrial property to Open Industrial-Heitman venture

By Public Technologies
  • JLL arranged the sale of 700 Jernee Mill Road in central New Jersey to an Open Industrial-Heitman joint venture.
  • The seller was a joint venture of Ridgecut Road, Brennan Investment Group and Global Gate.
  • The acquisition was made on behalf of the buyers' separately managed account with the State of Hawaii.
  • The Class A industrial outdoor storage property spans 6.5 usable acres, including 28,600 square feet of maintenance and office space.
  • The asset is 100% leased long-term to a global provider of temporary power generation and temperature control solutions.


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