Marcus Partners buys Boonton warehouse with outdoor storage
With its tenant set to depart, a last-mile warehouse location will be available in Boonton following its sale to Boston-based vertically integrated real estate firm Marcus Partners.
Binswanger announced Nov. 13 it arranged the sale of the 111,548-square-foot industrial facility located at 100 Fulton Road, which Marcus Partners plans to reposition as a modern distribution facility.
The Philadelphia-based commercial real estate firm acted on behalf of the seller, office furniture design company Dauphin. Binswanger also negotiated a short-term leaseback to allow for the tenant’s transition while Marcus Partners gets to work on updates.