Fully Leased Industrial Portfolio in Morris County Sold

On Apr 8, 2026

JLL Capital Markets has arranged the sale of a two-building industrial portfolio totaling approximately 72,908 square feet located at 200 and 300 Roundhill Drive in Rockaway Township, Morris County.

JLL represented the seller, North Jersey Development Group, in the disposition and procured Faropoint as the buyer.

The portfolio consists of two shallow bay industrial assets built in 1987 and 1990, situated on a combined 10.7 acres with direct access to Interstate 80 at Exit 37. Located just seven miles from the Interstate 287 and Interstate 80 interchange, the properties provide connectivity throughout the densely populated New York metropolitan area and access to more than 8.1 million consumers within a 60-minute drive time.

The fully leased portfolio is occupied by six tenants in the manufacturing, light industrial and warehousing distribution industries with an average tenant tenure of 15 years. Both properties feature 20-foot clear heights with separate loading and functional layouts with units ranging from approximately 5,000 square feet to approximately 24,000 square feet.

The JLL Capital Markets team representing the seller was led by Managing Directors Nicholas Stefans and Jason Lundy, along with Senior Analyst Luke Ceccoli.

“The shallow bay industrial sector continues to be one of the most sought-after sub-asset classes due to the lack of availability, minimal development pipeline and increasing tenant demand,” said Stefans. “Faropoint’s presence within the submarket gave them a competitive advantage in understanding market fundamentals and providing a seamless execution.”

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