The industrial outdoor storage (IOS) market in Central New Jersey continues to heat up as CBRE on Monday announced the successful acquisition of a prime industrial service facility at 190 Homestead Avenue.
Jadian IOS purchased the property from CenterPoint Properties in a deal that underscores the surging demand for “infill” locations—sites nestled within established areas that offer rare expansion potential. The acquisition was brokered by a CBRE powerhouse team including Liam McGregor, Elli Klapper, Mark Silverman and Brian Fiumara.
Located in the Avenel section of Woodbridge Township, the 4.34-acre site is far more than a standard warehouse. The facility features a 29,336-square-foot industrial building equipped with:
- Six drive-in doors and two loading docks.
- 1,200 amps of power to support heavy-duty operations.
- Recently renovated office and warehouse components.
What makes the site a “high-conviction” asset for Jadian IOS is its untapped potential. The property offers significant room for additional outdoor storage and loading expansion, a luxury in the supply-constrained New Jersey market.
The property’s most valuable asset may be its GPS coordinates. Sitting just off Exit 12 of the New Jersey Turnpike, 190 Homestead Avenue provides a direct pipeline to the most critical logistics nodes on the East Coast, including:
- Port Newark-Elizabeth
- Newark Liberty International Airport
- New York City and the broader Northeast corridor.
“This property aligns with [Jadian’s] acquisition criteria, targeting supply-constrained infill locations that are essential for modern logistics and distribution,” said CBRE’s Liam McGregor.
As industrial land becomes increasingly scarce near major ports, the value of service-oriented facilities like 190 Homestead continues to climb. Experts note that these sites are the “connective tissue” of the global supply chain, allowing for the staging, maintenance, and storage of equipment that larger warehouses cannot accommodate.
“We believe the acquisition of 190 Homestead Avenue underscores the enduring strength and critical importance of industrial real estate in the Exit 12 market,” added CBRE’s Elli Klapper. “This property’s inherent value and strategic positioning will contribute to the region’s economic vitality.”
The transaction marks another milestone for Jadian IOS as it aggressively scales its portfolio across the Tri-State region, betting on the long-term necessity of New Jersey’s industrial corridor.
