Jadian IOS has added another industrial outdoor storage asset to its portfolio, purchasing a 5.2-acre parcel in Franklin Township’s Somerset section, according to Real Estate NJ. The site at 945 Route 27 includes functional outdoor parking and storage areas, a maintenance facility, and an office building. CBRE brokers Mark Silverman, Liam McGregor, and Elli Klapper represented both buyer and seller; financial terms were not disclosed.
The transaction required navigating a zoning variance and site plan approvals before the acquisition could close, with the buyer, seller, and brokerage collaborating to satisfy municipal requirements in Franklin Township. Jadian moved to secure the asset ahead of the formal call-for-offers deadline after the site drew multiple competing bids through a structured marketing process. The property joins a national portfolio of low-coverage, strategically positioned sites the firm has been assembling across key logistics corridors.
ParkPoint Perspective
This transaction underscores the intensifying institutional appetite for industrial outdoor storage as a distinct asset class — one where entitlement risk has become as consequential as price. The need to secure a zoning variance and site plan approval before closing suggests that regulatory complexity is now embedded in IOS deal execution, not peripheral to it. For investors in supply-constrained industrial markets, this signals that off-market speed and municipal navigation capacity may increasingly separate successful acquirers from those unable to move ahead of a formal bid process.
Source: Real Estate NJ