Blackstone to buy WPT Industrial in deal valued at $3 1 billion crainsnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsnewyork.com Daily Mail and Mail on Sunday newspapers.
MyCentralJersey.com
FRANKLIN (Somerset) – A warehouse nearly the size of three Manhattan blocks has been proposed off Elizabeth Avenue just north of ShopRite.
BREIT Industrial Canyon NJ1W02, part of the Blackstone Real Estate Investment Trust, is seeking approval to construct a 355,790-square-foot building with 338,000 square feet of warehouse space and 17,790 square feet of office space, at the property on Elizabeth Avenue, Wiley Drive and Harper Street.
The plan calls for 222 parking spaces, 94 truck docks and 51 trailer spaces.
A variance is required because the township zoning ordinance does not allow more than two driveways where five driveways are proposed on the site s three road frontages.