MORRISTOWN, N.J., March 13, 2017 /PRNewswire/ -- Circle Squared Alternative Investments and the Hampshire Companies have acquired an industrial property in Carteret, New Jersey. The investment property provides an opportunity to develop into a Class-A industrial property in a market where new industrial product is limited.
The 1500 Blair Road property is a 156,000 square foot Class-A warehouse/distribution facility. The project will be constructed on a six acre parcel of land which will be ground leased for a term of 50 years with two renewal options consisting of 20 and 25 years each.
"Carteret has become the premiere location for logistics-oriented real estate in New York Metropolitan area. We are very excited to have the opportunity to be a part of the rebranding of this great community,"― Jeffrey Sica, President and CIO, Circle Squared Alternative Investments.
The preliminary cost of the projected is estimated to be in excess of $16,000,000.
About Circle Squared Alternative Investments
Circle Squared Alternative Investments, LLC. ("Circle Squared" or the "Firm") is an SEC registered investment adviser with a principal place of business in the State of New Jersey. Registration does not imply a certain level of skill or training.
Circle Squared was founded in 2014 by Jeff Sica to work with a finite group of high net worth investors and family offices to find alternative market investments, primarily in private equity real estate deals. Our experienced team has decades of real estate experience. Our community is not for everyone, we work best with qualified investors seeking long-term wealth that comes from investments that are outside the norm www.circlesquaredalts.com.
For additional information about Circle Squared, please refer to the Firm's disclosure documents, the current versions of which are available on the SEC's Investment Adviser Public Disclosure website (www.adviserinfo.sec.gov) and may also be made available upon request.
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SOURCE Circle Squared Alternative Investments