Realterm Logistics acquires 45,000 sf mission critical transload terminal in Central New Jersey
Tenant is YRC Freight
ANNAPOLIS, Md., May 13, 2019 /PRNewswire/ -- Realterm Logistics closed on the acquisition of 49 Thomas J. Rhodes Industrial Drive, a fully leased 45,000 SF mission critical, cross-dock truck terminal in Hamilton, NJ. The property includes 102 loading doors and sits on 18.87 acres with immediate access to I-295, I-195 and I-95.
The property is in a prime LTL carrier location with superior access to both New York Metro and Philadelphia Metro dense consumer populations. The facility is accessible to the new Pennsylvania Turnpike/Interstate 95 Interchange, a $400-million infrastructure project that will connect two of the busiest highways in the United States, further enhancing the submarket's accessibility to the larger region and entire East Coast.
Completed in 2009 as a built-to-suit, the facility is fully leased to YRC Freight, the fourth largest less-than-truckload carrier in the United States.
Jose Cruz, Marc Duval and Jordan Avanzato of HFF worked on the transaction. https://www.hfflp.com/
About Realterm
Realterm is a leading logistics real estate investment management firm with assets under management of over US $4.2 billion. Realterm has over 300 people across seven offices – Annapolis, Chicago, Houston, Los Angeles, Montreal, Mumbai and Singapore. Realterm has an over 25-year track record of capitalizing on durable insights into the supply and demand of real assets through the global supply chain. Realterm manages three vertically-integrated investment platforms – Realterm Logistics, the largest owner of high flow through (HFT) logistics real estate in the U.S.; Aeroterm, the largest owner of on-airport air cargo logistics real estate in North America; and IndoSpace Logistics Parks, the largest industrial development platform in India. Realterm's strategies are capitalized through a series of closed-end and open-end commingled funds targeting core-plus to opportunistic returns.
Contact
Sophia Stuart, Director of Marketing
(410) 216-6134
SOURCE Realterm
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