Three building shallow-bay complex in Bergen County sells for $17.28M

MORRISTOWN, N.J., Aug. 6, 2026 – JLL Capital Markets announced today it secured the off-market sale and acquisition financing for the Northern New Jersey Shallow-Bay Portfolio, a three-building industrial complex totaling 72,956 square feet in Bergen County, New Jersey. The portfolio, which sold for $17.28 million, comprises properties at 53 W Century Road in Paramus, 100 Galway Place in Teaneck and 490 S Dean Street in Englewood.

JLL represented the seller, Cabot Properties, in an off-market transaction and procured the buyer, a joint venture between East Capital Partners and Westport Capital Partners. Additionally, JLL secured $9.7 million in acquisition financing on behalf of the buyer through Aegon Asset Management.

The portfolio consists of last-mile shallow-bay industrial buildings constructed between 1962 and 1968, with renovations completed between 2005 and 2011. The portfolio is 100% leased to three tenants serving the automotive aftermarket distribution, technology solutions and consumer products sectors.

Strategically positioned in Bergen County within 20 minutes of New York City, the portfolio provides direct access to Interstate 80, Interstate 95 and George Washington Bridge. The location serves more than 2.9 million consumers within a 30-minute drive and 12.5 million within 60 minutes, connecting tenants to the densely populated markets of Northern New Jersey and the New York City boroughs.

The JLL Capital Markets Investment Sales and Advisory team was led by Managing Directors Jason Lundy and Nicholas Stefans, Senior Director Ryan Cottone and Senior Analyst Luke Ceccoli. Director Ryan Carroll spearheaded the JLL Capital Markets Debt Advisory team. Executive Vice President Doug Rodenstein and Executive Managing Director Chris Hile provided leasing advisory.

“Multi-tenant, small-bay industrial portfolios continue to attract investor demand, especially in Northern NJ infill submarkets, where leasing velocity remains robust and new supply faces headwinds,” said Lundy.

“East Capital’s operational expertise with this product type was a key factor in executing the sale as they continue to aggregate well-located, functional small-bay industrial assets,” added Stefans.

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Cabot Properties is an international private equity real estate firm focused on the logistics sector. Founded in 1986, Cabot was one of the first real estate firms to provide institutional investors with access to the industrial property sector and has invested over $17 billion in logistics real estate, served over 4,300 tenants, and operated over 1,750 buildings totaling more than 240 million square feet. Cabot is headquartered in Boston with offices in Atlanta, Chicago, Dallas, Los Angeles, London, Amsterdam, Sydney, Tokyo, Munich, Houston, New York, Orlando, and New Jersey. For more information, visit www.cabotprop.com.

East Capital Partners is a privately owned real estate investment firm specializing in off-market institutional commercial real estate and development opportunities throughout the Eastern United States. With a leadership team that has invested more than $7 billion across all major property types and throughout the capital stack, East invests on behalf of its own balance sheet, institutional clients—including pension funds, sovereign wealth funds, endowments, and foundations—as well as high-net-worth individuals. The firm’s value-creation strategies range from improving operations, leasing, and renovations to more intensive initiatives such as major repositioning, adaptive reuse, and ground-up development. For more information, visit www.eastcp.com.

Westport Capital Partners LLC, an alternative real estate investment firm managing approximately $8.2 billion in assets as of March 31, 2026, focuses on identifying underperforming or specialized real estate opportunities across a diverse geographic portfolio. The firm, with offices in Darien, CT and Los Angeles, CA, leverages deep sector experience to maximize long-term value for its institutional and private wealth investor base.

Aegon Asset Management’s 350 investment professionals serve a global client base of sophisticated investors, managing and advising on assets of $382 billion, as of December 31, 2025. Investment capabilities span public and private markets across fixed income, real assets, equities, and multi-asset platforms, sharing a common belief in fundamental, research-driven active management, underpinned by effective risk management. Our 1,100 employees work across Europe, the Americas and Asia.