KEARNY, N.J. — Outpost has acquired a 14.97-acre industrial outdoor storage portfolio in Kearny and Newark in a $68.5 million sale, JLL announced Nov. 3. JLL arranged the sale and $52.2 million in acquisition financing, a bridge loan through Forbright Bank. The seller was not named.
The portfolio is 8.04 acres at 76 Central Avenue in Kearny, with approximately 4,000 square feet of improvements, and 6.93 acres at 2120 McCarter Highway in Newark, a trailer storage and parking facility. The Newark property is leased to a Fortune 100 company, not named in the release, under a new lease signed with the acquisition. Kearny is available for lease-up. Outpost plans site improvements including paving, lighting, security and access. No jobs or investment figure beyond the sale are described.
ON THE RADAR: DEAL
Buyer: Outpost
Tenant: Fortune 100 company (not named), Newark property
Seller: Not named
Property: 76 Central Avenue, Kearny, and 2120 McCarter Highway, Newark, N.J.; 14.97 acres
Price: $68.5 million
Broker: JLL
Type: Property sale (leased industrial)
Announced: Nov. 3, 2026