Circle Squared Alternative Acquires Industrial Property In Carteret, New Jersey
03/14/2017
Founded in 2014, Circle Squared Alternative Investments, LLC is an SEC registered investment adviser with a principal place of business in the State of New Jersey. The company said it works “with a finite group of high net worth investors and family offices to find alternative market investments, primarily in private equity real estate deals."
According to company officials, the ”investment property provides an opportunity to develop into a Class-A industrial property in a market where new industrial product is limited. 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.”
The preliminary cost of the projected is estimated to be in excess of $16 million, the companies acquiring the property reported. "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," said Jeffrey Sica, President & CIO, Circle Squared Alternative Investments.
Project Announcements
Northern Ireland-Based Almac Group Expands Souderton, Pennsylvania, U.S. Headquarters
08/16/2022
STOBER Drives Expands Maysville, Kentucky, Manufacturing Complex
08/15/2022
Duluth Trading Company Plans Adairsville, Georgia, Distribution-Fulfillment Center
08/12/2022
Oldcastle APG Establishes Suffolk, Virginia, Manufacturing Complex
08/12/2022
Milwaukee Tool Opens West Bend, Wisconsin, Manufacturing Plant
08/12/2022
LP Building Solutions Expands Sagola Township, Michigan, Operations Complex
08/12/2022
Most Read
-
In Focus: “Golden Age” of Spec Development
Q3 2022
-
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
Q2 2022
-
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Q3 2021
-
In Focus: Demand for Industrial Land Surges
Q2 2022
-
Explosive Growth of Life Sciences Sector Comes with Challenges
Q3 2022
-
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Q1 2022
-
Using Robust Project Controls to Enhance Project Management
Q3 2022