Marcus Partners launches office to industrial redevelopment in Whippany, NJ

Whippany, NJ Marcus Partners recently secured a site at 35 South Jefferson Rd. and launched construction to tear down the existing office space and develop a 72,000 s/f Class A logistics facility. The project is expected to deliver in Q3 2026 and extends the firm’s demonstrated capability to identify change-of-use opportunities and develop highly functional in-demand industrial facilities.

“Our expertise in finding these underutilized and outdated properties with exceptional regional access has continued to deliver successful projects and returns for our investors,” said Todd Minerley, senior vice president, investments for Marcus Partners. “Whether it is Class A logistics space or new multifamily properties, unlocking the value in these metrocentric sites is proving our strategy continues to be sound and dynamic in multiple markets.”

With site work starting immediately, the project includes demolition of an existing 40,000 s/f vacant office building and construction of a modern, 36’ clear, 72,000 s/f warehouse/distribution facility on the 6.6-acre site. The size and flexible design make the new building ideal for single or multi-tenant use in a supply-constrained market. The new modern, efficient space is set to benefit from high continued tenant demand in the sub-100,000 s/f segment.

Truist Bank is working with Marcus Partners as lender for the transaction. Chris Koeck and his team from Newmark brokered the transaction. Michael Klein and Mike Lachs of JLL assisted Marcus Partners with the debt placement.