Working across departments – due diligence, legal, finance, acquisitions, development and asset management – Black Creek demonstrated that it is a hands-on real estate company that understands all aspects of the business and is able to move quickly and nimbly.
Due to this, the company was able to secure the rare opportunity to construct a state-of-the-art industrial park within one of the country’s highest-barrier-to-entry industrial markets.
Excellently located on I-287 with immediate access to Route 18 and the New Jersey Turnpike, Black Creek’s industrial team was aware that there would be strong tenant demand for the buildings, especially with the limited foreseeable inventory growth. This was realized as the project was 100 percent leased 12 months ahead of schedule to six high-quality tenants better than projected rents and lease terms.
With a 14-person New Jersey based team, Black Creek ensures it has the local relationships and expertise to navigate complex and nuanced real estate transactions, particularly in markets as hot as New Jersey.