CHI Veronica
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CHI Veronica

Franklin, NJ

Industrial - Manufacturing

Due Diligence


RPL provided due diligence services on behalf of an institutional equity investor.

Unique Approach

  • Numerous environmental issues researched and dealt with during due diligence
  • Some delays having permit issued pushed construction into mid-winter
  • Site used to be part of a golf course
  • Ambitious schedule included accommodating needs of large single tenant, which signed a lease early in construction
  • Contractor worked seven days per week to complete work as quickly as possible


  • Tenant moved into building on schedule with TCO; final CO issued later
  • Building sold at a profit

Scope of Work

Large single warehouse (almost 1 million square feet) in town near New Brunswick, New Jersey.

Project Summary

  • Client: One of the largest institutional private equity investment firms
  • Location: Franklin, NJ
  • Size: 930,000 SF
  • Timeline: 2018 to 2020
  • Services: Due Diligence
  • Cost: $105 million
  • Architect: Mitchell & Hugeback Architects
  • Contractor: Alston Construction