Lincoln Property Company and Ullico Investment Advisors Acquire 140,000-SF Industrial Building in New Jersey

Lincoln Property Company (“Lincoln”), a global full-service real estate firm, and JV Partner Ullico Investment Advisors acquired a 138,851-square-foot Class A industrial asset in Hamilton Township, N.J. The vacant building is located at 861 Sloan Avenue and is being prepped for immediate occupancy, making it an attractive opportunity for companies looking to expand their logistics footprint at a strategically located East Coast logistics facility.

“The acquisition of 861 Sloan Avenue afforded us a rare opportunity to acquire a well-configured, quality industrial asset at an attractive basis,” said Ben Bucci, Executive Vice President and Market Leader for Lincoln’s New Jersey office. “Our team is bullish on these types of tactical investments in existing industrial real estate, as well as new development opportunities throughout the Tri-state region. We are grateful to our partners at Ullico and Lee & Associates for working with us to bring this transaction over the finish line.”

“We are thrilled about our first investment with Lincoln Property Company,” said Jim Darcey, Managing Director for Ullico Investment Advisors. “Moving forward, we are focused on similar value-add opportunities.”

861 Sloan Avenue features 38′ clear heights, 60′ x column spacing, 13 fully equipped dock doors (expandable to 18), 12 trailer parking stalls, a newly installed roof, and an ESFR system.

Lincoln is providing property management services for the building, bringing the firm’s total square feet under management in New Jersey to approximately eight million square feet. Claudia Ganas, Monica Franco, and Ana Carolina de Araujo of Lee & Associates are marketing the property for lease.

“We are excited to support Lincoln and Ullico in this strategic acquisition. The 861 Sloan Avenue property not only meets the demand for high-quality industrial space, but also represents a significant opportunity for growth in the tri-state logistics market. We look forward to collaborating further as we seek to attract the right tenant for this facility,” shared Ms. Ganas, a Senior Managing Director with Lee & Associates.

The seller, Commercial Development Company, was represented in-house in the deal negotiations.

861 Sloan is located close to multiple key transportation routes connecting the Eastern Seaboard. The site is situated just off of Exit 65B of I-295, and is a 1.5 miles from U.S. Route 1 and 11 miles from Exit 7A of the New Jersey Turnpike (I-95).

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.

About Ullico

The Ullico Inc. family of companies provides insurance and investment solutions for labor organizations, union employers, institutional investors and union members. Founded in 1927, Ullico is a mission-driven company that pursues opportunities across its businesses to protect and grow its investor’s assets and contribute to the social, economic, and environmental wellbeing of the communities in which they operate.

The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, LLC.; Ullico Investment Company, LLC.; and Ullico Investment Advisors, Inc. For additional information, visit www.ullico.com.