Richard Prokup Of Mapletree Investments Acquires 96.8-Acre Development Site In Manalapan For Logistics Facility

A 96.8-acre development site located at 370 Smithburg Road in Manalapan, NJ, has been acquired for the purpose of developing a logistics facility measuring 952,720 square feet.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Asset Size: 952,720 square feet
• Acres: 96.8
• Buyer: Richard Prokup
• Buyer Company: Mapletree Investments
• Date of Transaction: 05/11/2026
• Market: Manalapan, NJ

Mapletree Investments plans to construct two warehouse buildings on the site, which will feature modern logistics specifications and is strategically located near significant Northeast distribution corridors, facilitating access to New York, Pennsylvania, and major seaports.