Mapletree Pays $100M for 97-Acre Future Logistics Site in Central Jersey

Mapletree Investments has purchased a 96.8-acre development site in Manalapan, N.J., with plans to transform it into a logistics facility. The Singapore-based investment and development firm spent approximately $100 million on the acquisition, a source close to the deal told Commercial Observer. The identity of the seller, represented by JLL‘s Paul Torosian and Larry Maister, …