Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor to Somerset Properties Realty LP (“Owner”), is pleased to offer the unique opportunity to acquire 91 Cottontail Lane (“the Property” or “the Site”), a ±5.00-acre site located in Franklin Township, New Jersey. The Site presents an exceptional opportunity to construct a fully approved
51,150 s.f. best-in-class industrial warehouse property in a development-constrained market.
The New Jersey industrial market continues to shine as one of the most sought-after markets in the United States with sustained leasing volumes and an increasingly restrictive development pipeline. The Somerset submarket, in particular, stands out with its limited development pipeline, providing future rent growth opportunities.
The Property sits minutes from Interstate 287 and provides convenient access to major population centers from Philadelphia to New York City. Furthermore, it is surrounded by workforce labor communities such as Edison, Piscataway, and New Brunswick while being strategically positioned to access over 9 million consumers within a 60-minute drive.