Real estate investment and development firm Doors & Spaces Industrial (Doors & Spaces), in partnership with Devli Real Estate, has acquired a six-building, 46,250-square-foot small-bay industrial portfolio located in Middlesex and Dunellen.
Purchased from a generational original owner and developer, the portfolio adds a collection of multi-tenant infill assets to the firms’ holdings, targeting an acute regional shortage of functional small-bay industrial space in Central New Jersey.
Portfolio overview & locations
The six-property asset package spans two adjacent Middlesex County municipalities:
- Middlesex Borough (5 Properties): 112, 131, 134, and 200 Wood Ave., plus 120 Egel Ave.
- Dunellen Borough (1 Property): 205 Hall St.
The properties feature adaptable bay configurations, drive-in loading capabilities, and functional yard space suited for local trade contractors, light manufacturers, distributors, and essential service providers.
Located within Middlesex County, the portfolio offers immediate transport connectivity to the Interstate 95/New Jersey Turnpike corridor, Interstate 287, and major freight routes serving the Greater New York City and Philadelphia metropolitan areas.
The joint venture plans to reposition the portfolio using Doors & Spaces’ in-house construction and operational resources, modernizing the facilities to address the demand for right-sized, flexible industrial footprint options near major population centers.
“Small-bay industrial continues to present compelling investment opportunities, particularly in established markets where functional space for smaller businesses can be difficult to find,” said Brian Whitmer, co-founder and managing partner of Doors & Spaces. “This acquisition aligns with our strategy of identifying well-located industrial properties where we can apply our operational expertise and in-house construction to enhance long-term value and support the vital businesses that depend on these spaces.”
