Goodman makes strategic acquisitions in Northern New Jersey

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Sep 14, 2018, 14:01 ET

MURRAY HILL, N.J., Sept. 14, 2018 /PRNewswire/ -- Anchoring its north east gateway city strategy, Goodman Group has closed on two strategic sites in East Rutherford and Teterboro in Northern New Jersey. Goodman is also opening an office in the Meadowlands to support its growth in this area.

Goodman will continue to target land developments, value-add and stabilized opportunities in the Northern New Jersey, Central Pennsylvania and Lehigh Valley industrial markets. This complements Goodman's existing portfolio which has focussed on the key logistics and industrial markets of Inland Empire and Greater Los Angeles in southern California.

New acquisition supporting same-day delivery to New York City
Goodman's latest purchase is a 100,031 square feet facility located in Bergen County within close proximity to New York City and multiple international airports. Now available for lease, Goodman Industrial Center Murray Hill, provides convenient access to Interstate 80, Brooklyn-Queens Expressway 278, the New Jersey Turnpike and Phillipsburg-Newark Expressway 78. An open house event is being held from 8am-11am Tuesday, September 18^that 433 Murray Hill, New Jersey for prospective customers.

Teterboro purchased fully leased, strengthening e-commerce experience
The Teterboro 616,992 square feet site is leased to a major e-commerce provider and is just one of two Class A logistics centers greater than 400,000 square feet in Northern New Jersey, Meadowlands market. It is located just seven miles from Manhattan and adjacent to Route 46 offering immediate access to Interstate 80 and the New Jersey Turnpike.

Anthony Rozic, CEO of Goodman North America, said: "These new acquisitions add depth to our portfolio in New Jersey in locations characterised by high demand and limited available supply. Our new office in the Meadowlands has been established to help service our existing customers and the pent up demand we're seeing in the area."

About Goodman
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.

Goodman's global property expertise, integrated own+develop+manage customer service offering and significant investment management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver sustainable long-term returns for its Partners.

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SOURCE Goodman Group