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PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact
Britt Sanders
KTR Capital Partners
212-710-5076
[email protected]
KTR ACQUIRES 48 ACRES IN SOUTH BRUNSWICK, NEW JERSEY FOR
INDUSTRIAL DEVELOPMENT
New York, NY – April 15, 2015 – KTR Capital Partners (“KTR”) announced today that an affiliate closed on the
acquisition of a 48.5 acre land parcel located at Exit 8A of the New Jersey Turnpike in South Brunswick, New
Jersey. The site is designed to accommodate an industrial development of 594,000 square feet. Situated at
Exit 8A with over 1,000 feet of Turnpike frontage, the property is located halfway between New York City and
Philadelphia, and proximate to the Port of New Jersey. Modern amenities such as 36 foot clearance height,
ESFR, 185 foot truck court, abundant excess trailer parking for up to 173 trailers and 284 autos, as well as T5
lighting have been incorporated into the design of this cross-dock building. Final site plan approvals have
been obtained allowing for development to begin this spring, with a completed building delivery in early 2016.
“The building size, configuration and functional features are all designed to appeal to the most active tenant
segment in the Central New Jersey distribution market,” commented Mike Coppola, Vice President of
Investments, for KTR. “The 594,000 square foot development will include above standard amenities including
a high loading dock ratio and can be easily divided to accommodate up to four tenants. Located within an
established industrial park, the site is well-configured as a speculative project or to accommodate build-tosuits that cater to tenant activity and demand currently present in the marketplace.”
“The property was a natural extension of our existing business park located along the frontage of the New
Jersey Turnpike and Interstate Boulevard,” stated Jeff Zygler, Vice President of Development, for KTR. “With
extensive wooded buffers to residential areas, rezoning the property and obtaining site plan approval for an
industrial development made a lot of sense.”
KTR’s current footprint in New Jersey spans nearly 8.5 million square feet. KTR’s development and
construction teams currently have nearly 7 million square feet of projects underway across the country,
consisting of both speculative and build-to-suit development, with an additional 5 million square feet of
development capacity on entitled land holdings.
For leasing information, please contact Ben Rosen at (212) 710-5074 or [email protected].
KTR CAPITAL PARTNERS
KTR Capital Partners is a real estate investment, development and operating company focused exclusively on the industrial property
sector. Headquartered in New York City with offices in Philadelphia, Chicago, Dallas, Las Vegas, Los Angeles, Miami and Seattle, KTR has
an 89 person platform that manages a series of discretionary value-add investment funds that target opportunities throughout major
markets in North America. KTR funds currently own a portfolio of approximately 70 million square feet across North America and provide
nearly $7.0 billion of investment capacity. For additional information, please visit www.ktrcapital.com.