Singapore’s Mapletree Investments remains one of the biggest movers and shakers in the industrial real estate space. The investment and development firm acquired a 97-acre development site in Manalapan, New Jersey for roughly $100 million, the Commercial Observer reported. The seller of the site at 370 Smithburg Road was not disclosed. JLL’s Paul Torosian and Larry Maister represented the seller. Before details of the transaction were revealed, Mapletree announced plans to develop a 953,000-square-foot logistics facility on the site. There will be two warehouses and accommodations for 366 car parking spaces, 141 trailer spaces and 172 dock doors. Construction is […]

This article originally appeared on The Real Deal. Click here to read the full story.