The interior of 5 Access Road in Piscataway, one of the 10 largest industrial construction projects in New Jersey — Courtesy: Adler Development
By Joshua Burd
More than ever before, the race for space is on for industrial tenants seeking a short drive to Manhattan and the rest of the nation’s biggest consumer market.
It’s why the state is teeming with new development up and down the New Jersey Turnpike. Third-quarter research by JLL tracked 4.2 million square feet of warehouse and distribution space under construction in northern and central New Jersey, as developers seek to capture the demand from e-commerce users, food companies and other operators.
Here is a list of the 10 biggest active projects in the region, according to JLL.
#1 – 2 Brick Yard Road, Cranbury
Square feet: 992,043
Developer: Clarion Partners
Construction type: Speculative
Submarket: Exit 8A
Submarket vacancy: 2.6 percent
Groundbreaking quarter: Q4 2016
#2 – 2170 Route 27, Edison
Square feet: 923,000
Developer: Seagis Property Group
Construction type: Speculative
Submarket: Exit 10
Submarket vacancy: 3 percent
Groundbreaking quarter: Q2 2016
#3 – 960-1000 High Street, Building 1, Perth Amboy
Square feet: 718,200
Developer: Bridge Development Partners
Construction type: Speculative
Submarket: Exit 10
Submarket vacancy: 3 percent
Groundbreaking quarter: Q3 2016
#4 – 10 North Ave., Elizabeth
Square feet: 539,308
Developer: Prologis
Construction type: Build to suit (for Fedway)
Submarket: Port
Submarket vacancy: 2.9 percent
Groundbreaking quarter: Q2 2016
#5 – 960-1000 High Street, Building 2, Perth Amboy
Square feet: 354,250
Construction type: Speculative
Submarket: Exit 10
Submarket vacancy: 3 percent
Developer: Bridge Development Partners
Groundbreaking quarter: Q2 2016
#6 – Station Road @ Route 130, Cranbury
Square feet: 310,937
Construction type: Build to suit (for Wayfair)
Submarket: Exit 8A
Submarket vacancy: 2.6 percent
Developer: Alfieri LLC / Rockefeller Group
Groundbreaking quarter: Q3 2016
#7 – 5 Access Road, Piscataway
Square feet: 287,000
Construction type: Speculative
Submarket: Exit 10
Submarket vacancy: 3 percent
Developer: Adler Development
Groundbreaking quarter: Q2 2016
#8 – 1 Bell Drive, Ridgefield
Square feet: 189,869
Developer: Sitex Group
Construction type: Speculative
Submarket: Meadowlands
Submarket vacancy: 5.8 percent
Groundbreaking quarter: Q2 2016
#9 – 50 Cable Drive, Kearny
Square feet: 189,540
Developer: River Terminal Development
Construction type: Speculative
Submarket: Port
Submarket vacancy: 2.9 percent
Groundbreaking quarter: Q2 2016
#10 – 2351 Route 130, Dayton
Square feet: 187,600
Developer: Clarion Partners / F. Greek Development
Construction type: Speculative
Submarket: Exit 8A
Submarket vacancy: 2.6 percent
Groundbreaking quarter: Q3 2016
RELATED: These developers dominate N.J. industrial construction
