Industrial real estate investor and developer, Sitex Group, on Tuesday announced that its repositioning efforts at Zuckerberg’s Industrial Park in Saddle Brook have successfully brought the complex to over 90% occupancy.
The milestone follows a comprehensive, multimillion-dollar, two-year renovation of the 40-acre, 40-building industrial campus, which was acquired by Sitex in 2023. The original acquisition was one of New Jersey’s most notable industrial sales that year due to its significant size and complexity.
Since the closing, Sitex Group has completed extensive renovations on every building within the park. Improvements covered roofing, paving, and landscaping, effectively restoring the nearly century-old campus to modern industrial standards.
“When we acquired Zuckerberg’s Industrial Park, our goal was to restore one of Bergen County’s largest and most historic industrial campuses to modern standards,” Blake Chroman, a principal at Sitex Group said. “Today, the park is nearly fully leased, providing high-quality space that supports a range of industrial and distribution tenants.”
The swift lease-up highlights Sitex’s strategic investment approach and local market expertise.
Max Fuchsman, vice president at Sitex Group, added, “Zuckerberg’s Industrial Park illustrates Sitex’s ability to execute swiftly on complex acquisitions and deliver transformative results. Our investment strategy and deep local expertise continue to drive performance across our portfolio.”
