Open Industrial Buys 700 Jernee Mill Road in New York

Reported Oct 21, 2026 · Source: JLL

Source: JLLRead the full report at JLL ↗

Deal details

Buyer
joint venture of Open Industrial and Heitman
Seller
joint venture of Ridgecut Road, Brennan Investment Group and Global Gate (JLL)
Price
Not disclosed
Size
6.5 usable acres; 28,600 SF
Asset class
Industrial
Transaction
Sale
Sub-market
Northern & Central NJ
Metro
New York (incl. Long Island & NJ)
Reported date
Oct 21, 2026

Summary

• JLL Capital Markets arranged the sale of 700 Jernee Mill Road, a Class A industrial outdoor storage facility totalling 6.5 usable acres and 28,600 square feet of maintenance and office space. • The newly formed joint venture between Open Industrial and Heitman acquired the fully leased asset on behalf of their separately managed account with the State of Hawaii from a joint venture between Ridgecut Road, Brennan Investment Group and Global Gate. Source: JLL.

Summarized from the article; the quoted lines below are from the article itself.

Source: JLL

Read the full report at JLL. What the article says:

  • Deal / Buyer
    Ridgecut, Brennan, and GGC JV complete successful business plan with sale of 700 Jernee Mill Road to a newly formed joint venture between Open Industrial and Heitman
  • Deal / Size
    • JLL Capital Markets arranged the sale of 700 Jernee Mill Road, a Class A industrial outdoor storage facility totalling 6.5 usable acres and 28,600 square feet of maintenance and office space.
  • Seller
    • The newly formed joint venture between Open Industrial and Heitman acquired the fully leased asset on behalf of their separately managed account with the State of Hawaii from a joint venture between Ridgecut Road, Brennan Investment Group and Global Gate.

Article date: 2026-10-21T14:46:00Z

Frequently asked questions

Who bought 700 Jernee Mill Road?
Open Industrial bought 700 Jernee Mill Road in Northern & Central NJ, New York, according to JLL.
Who sold 700 Jernee Mill Road?
The seller was Ridgecut Road, per JLL.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.