Private equity firm buys South Plainfield warehouses for $37M

Another out-of-state investor is building up its share of North Jersey’s hot industrial market. Boston-based private equity firm Marcus Partners acquired a two-warehouse, 200,000-square-foot property in South Plainfield for $36.5 million. The 17-acre site is at 18-20 Harmich Road in the Middlesex County town, close to Interstate 287 and the New Jersey Turnpike and about 23 miles from Port Newark-Elizabeth Marine Terminal, a major shipping port. The off-market deal was brokered by Lee & Associates’