"We are targeting institutional-quality warehouse deals," says company president John M. Muscarelle. "Part of our growth model is to be 'acquisitory,' and not only 'organic' as our firm has been in the past."
"We view this submarket as an excellent location for businesses that need direct access to Manhattan quickly and frequently," Muscarelle adds, referring to the Meadowlands region. The Muscarelle organization, which dates back to the 1920's, has developed, owned and managed more than 15 million sf of office, industrial, hotel and multifamily properties. Among its major projects are BMW's North American headquarters in Woodcliff Lake, NJ and Hertz Corp.'s headquarters in Park Ridge, NJ.
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