GTJ Acquires Piscataway Industrial Portfolio

PISCATAWAY, NJ–GTJ REIT, a public non-traded real estate investment trust based in West Hempstead, NY, has paid $63.77 million for a portfolio of six industrial buildings in Piscataway, NJ. The facility is 100% leased by seven different long-standing tenants, including Nomura Securities and Verizon. 

The portfolio purchase consists of six buildings with an aggregate square footage of 681,754 in Piscataway, NJ. Melissa Sheer, president of Kent Place Communications, a public relations firm representing GTJ, says the properties are located at: 4 Corporate Place, 8 Corporate Place, 25 Corporate Place South, 11 Constitution Avenue, 21 Constitution Avenue and 1110 Centennial Avenue in Piscataway.