Woodmont Industrial Partners has teamed with a major insurance company to recapitalize and acquire nearly 31 acres in Franklin Township, with plans to build more than 370,000 square feet of modern industrial space just off Interstate 287.
Developers are on track to remove nearly 9 million square feet of obsolete office space in New Jersey, as they repurpose the sites with in-demand uses such as industrial and apartments.
A joint venture has acquired an office building and adjacent land in Franklin Township, with plans to redevelop the site as a two-building, 426,000-square-foot industrial campus.
