Marcus Partners, a real estate investment, management, and development firm, on Monday said it is expanding its Northern New Jersey industrial portfolio with the acquisition of 100 Fulton Street in Boonton. The soon-to-be vacant 111,548-square-foot industrial property presents a compelling opportunity in this market due to its high ceiling height and up to 1.75 acres of outdoor storage on the site.
“This asset has several compelling characteristics that are not commonly seen in this market. The combination of size, ceiling height, and outdoor storage area are major differentiators for 100 Fulton. We are excited to add this asset to our growing portfolio in Northern New Jersey and believe 100 Fulton will be a preferred option for prospective tenants,” Todd Minerley, senior vice president of Marcus Partners said.
Originally constructed in the 1970s, this single-tenant building features a 29-35-foot clear warehouse that includes 7,500 square feet of recently updated office space. The property also includes ample parking, an abundance of loading, 2,000 amps of power, outdoor storage, and a sought-after location near major highways.
100 Fulton, located in the strong Northern New Jersey market, is strategically located within close proximity of Interstates 287 and 80 and within 30 miles of the Port.
The seller was represented by Binswanger and Marcus Partners was represented by Lerman Sanders Realty.