07/06/2026
A joint venture partnership consisting of The Hampshire Companies, Greek Real Estate Partners and third-party capital advised by Principal Asset Management, has secured a $79 million financing package to advance a new Class-A industrial development at 169 Lackawanna Avenue in Parsippany, NJ.
The financing allows vertical construction of the 281,215-square-foot facility to begin. Designed to meet the strong demand for premier logistics space, the building will feature 40-foot clear heights, 39 loading docks and a 2,500-square-foot speculative office. Completion of construction is anticipated for 2027.
This project is the latest example of our commitment to bringing purpose-driven development across the region.
Read more: https://hubs.ly/Q04nDVXV0