A joint venture has acquired a 439-unit garden apartment property in Plainsboro for more than $73 million, marking the partnership’s second acquisition in the township in less than 18 months.
Thinking green: The role of indoor farming in older industrial space
In a state where available industrial space is already in short supply due to our exploding e-commerce sector, asking prices and rents for older and smaller industrial buildings may soon be rising dramatically. Also on the rise will be demand for the power needed to fuel plant growth and maintain proper growing conditions.
On the rise: New Jersey’s ‘other’ industrial corridor
Running from the crossroads of Edison to the New York State border, the 70-mile stretch of Interstate 287 is an active but sometimes-overlooked piece of the state’s industrial market. That corridor has not only grown considerably in recent years, but is in line for continued interest from developers, tenants and investors as an alternative to the booming big-box markets along the New Jersey Turnpike.
