What Forsgate Industrial Partners does

Forsgate Industrial Partners is a family-owned industrial real estate developer, owner, and operator founded in 1964 and headquartered at 400 Hollister Road, Teterboro, New Jersey. The company specializes in property management, real estate development, construction, and consultancy services, holding a portfolio of more than 10 million square feet of warehouse, distribution, and logistics properties concentrated in New Jersey's most supply-constrained industrial submarkets — Meadowlands, Exit 8A (South Brunswick), Bergen County, and Passaic. Forsgate serves as a long-term capital partner and operator for corporate tenants rather than a short-cycle developer or fund manager. Its 11–50 employee organization runs a vertically integrated platform with in-house direct leasing and construction capabilities, enabling the firm to execute development, redevelopment, and tenant build-outs without third-party intermediaries.

The company's revenue model is anchored in long-dated NNN industrial leases to creditworthy corporate tenants, with rent escalation built into lease structures and operating expenses passed through to occupants. The tenant roster spans logistics, retail, automotive, consumer goods, and pharmaceutical end-markets, including Amazon, FedEx, DHL, Home Depot, Nike, eBay, Hyundai, McKesson, Coca-Cola, Pepsi, Nestle, Samsung, Sony, LG, Volkswagen, Audi, L'Oreal, Revlon, Sanofi, Staples, Crate & Barrel, Petco, and XPO Logistics. Pricing per square foot is not disclosed, but market context places NJ industrial asking rents in the $18.95–$23.95 PSF NNN range, implying gross rental income of approximately $190M–$240M before vacancy and recoveries. Active development projects include Kingsland at Meadowlands (buildings ranging from 118,000 SF to 1.2M SF) and a 70,268 SF building under construction at 10 Polito Avenue in Lyndhurst. Two known upcoming availabilities — 2 Oxford Drive (effective 6/1/2025) and 60 Stults Road (effective 9/1/2026) — are being pre-marketed through Forsgate's in-house leasing infrastructure, providing forward visibility on lease-up activity.

The underlying operating model is best characterized as multi-generational, patient-capital real estate ownership rather than a transactional developer or institutional fund. Family ownership and a long-term-hold philosophy allow Forsgate to underwrite investments on a multi-decade horizon, accept lower stabilized yields in exchange for tenant relationship depth and capital appreciation, and avoid the disposition pressure typical of fund-mandate competitors. This structural posture, combined with the scarcity value of NJ industrial land and the stickiness of logistics tenants, defines Forsgate's strategic identity in the market.

Name

Forsgate Industrial Partners

Legal name

Forsgate Industrial Partners

Website

https://forsgate.com

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

11–50 employees

Short description

Forsgate Industrial Partners is a family-owned industrial real estate developer and operator managing more than 10 million square feet of warehouse, distribution, and logistics properties across New Jersey's key industrial submarkets. Founded in 1964 and headquartered in Teterboro, NJ, the company serves Fortune 500 logistics, retail, automotive, and pharmaceutical tenants through an integrated ownership, leasing, and construction platform.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Leasing

NAICS

Other Activities Related to Real Estate (531390), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Industrial & Logistics Brokerage (BPAJABAC)

akta.pro secondary industries

Warehousing & Logistics Facilities Brokerage (BPAJACAA), Flex / R&D Industrial Space Brokerage (BPAJACAC)

Keywords

• Industrial real estate
• Warehouse leasing
• Logistics properties
• Distribution centers
• Flex industrial space

Headquarters

HQ city

Teterboro

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Others

Revenue model

1. Industrial Property Leasing: Forsgate generates revenue primarily through leasing industrial and logistics properties to businesses. Tenants pay rent for warehouse, distribution, and flex industrial spaces across New Jersey.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Forsgate Industrial Partners develops, owns, and operates a portfolio of industrial and logistics real estate properties in New Jersey, leasing warehouse, distribution, flex industrial, and logistics space to enterprise tenants under triple-net (NNN) leases. The portfolio exceeds 10 million square feet across submarkets including Meadowlands, 8A (South Brunswick), Bergen County, and Passaic, with ongoing development projects such as Kingsland at Meadowlands.

Product overview

Forsgate Industrial Partners operates as a family-owned real estate development and investment company offering a portfolio of industrial and logistics properties. The company provides access to its core industrial properties portfolio and flex properties across New Jersey submarkets including Meadowlands, 8A (South Brunswick), Bergen County, and Passaic. The Kingsland at Meadowlands represents their flagship new development project with buildings ranging from 118,000 SF to 1.2 Million SF. Properties are offered for lease with varying availability dates and rental rates, targeting businesses requiring distribution, warehouse, and logistics facilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Properties Industrial warehouses and distribution facilities for lease, located across key New Jersey submarkets (Meadowlands, 8A, Bergen County, Passaic), with sizes ranging from approximately 6,000 SF to 634,000+ SF and modern specifications including high ceilings, ESFR sprinkler systems, loading docks, and trailer parking. Targeted at enterprise logistics, e-commerce, retail, and distribution tenants.
• Flex Properties Flex industrial space properties in South Brunswick and Teterboro submarkets, suitable for light industrial, office, and mixed-use applications. Configurations combine warehouse, office, and light manufacturing space with flexible floor plans, loading dock access, and adequate power capacity for smaller-scale tenants.
• Kingsland at Meadowlands The company's newest industrial development project, Kingsland at Meadowlands, located in the Meadowlands area of New Jersey. The development features modern industrial and logistics buildings ranging from 118,000 SF to 1.2 million SF, targeted at large enterprise distribution and logistics tenants requiring modern, large-footprint facilities near the New York metro market.

Quantifiable outcome

• Over 10 million square feet of industrial real estate under management
• +1 more outcomes

Named customers34 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• EastGroup Properties: US-focused industrial REIT specializing in multi-tenant industrial and distribution facilities in Sun Belt and gateway markets. Comparable in tenant profile (logistics-intensive users) and property type (flex and bulk industrial), though concentrated outside the Northeast.
• Terreno Realty: Industrial REIT focused on infill industrial assets in six US gateway markets including the NY/NJ Metro. Closest direct comparable to Forsgate's strategy of owning smaller infill industrial properties serving last-mile and distribution demand in supply-constrained coastal submarkets.

Broad incumbents

• Liberty Property Trust (now Prologis): Pre-Prologis-acquisition industrial REIT with substantial Northeast logistics holdings. Directly comparable to Forsgate's strategy of owning and operating modern, large-footprint warehouses in port-adjacent Northeast submarkets.
• Prologis: The largest global industrial REIT with a deep US East Coast / NJ presence. Comparable as a major owner/operator of modern logistics warehouses serving the same Amazon/FedEx-style tenants as Forsgate, but at vastly larger scale and with a public-capital structure.
• Duke Realty (now Prologis): Prior to its acquisition by Prologis, Duke Realty was a top-tier US industrial REIT with significant NJ/Mid-Atlantic exposure. Comparable as a large-scale owner/operator of bulk distribution and logistics facilities similar to Forsgate's 8A and Meadowlands assets.

Others

• CBRE Group (Industrial Brokerage): Global commercial real estate services firm with a major industrial brokerage/leasing practice that handles transactions for many of the same NJ submarkets and tenant types as Forsgate. Comparable as the dominant third-party leasing channel for industrial space in the same corridors.

Emerging players

• Bridge Industrial: Private industrial developer focused on Class-A last-mile and bulk logistics in core US markets including the Northeast. Comparable as a build-to-suit and speculative developer of modern industrial product in supply-constrained markets similar to NJ's Meadowlands and 8A.
• Crow Holdings Industrial: Industrial development and investment platform with a growing Northeast portfolio. Comparable as a developer/owner of modern bulk logistics product targeting institutional tenants in markets overlapping Forsgate's footprint.

Regional players

• Russo Development: New Jersey-based real estate developer with industrial and logistics holdings across the Meadowlands and 8A submarkets. Highly comparable as a regional NJ industrial owner/developer competing for the same tenant base and submarket positioning as Forsgate.
• Matrix Capital Group: NJ-focused industrial owner/operator with holdings across Meadowlands-area submarkets. Closest regional comparable to Forsgate in terms of geography, asset profile (warehouse/logistics flex), and tenant mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/forsgate-industrial-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forsgate Industrial Partners