Devli Real Estate has acquired a 37,000-square-foot industrial building in Leonia, expanding its presence in a supply-constrained submarket near the George Washington Bridge.
Industrial
Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.
Finding additional warehouse space: An advanced strategy
In 2026’s New Jersey industrial market, cold storage represents a unique opportunity. Vacancy rates are low, and much of the existing stock is 40+ years old and facing obsolescence. Furthermore, new construction requires specialized expertise that many traditional industrial developers lack. For food and beverage manufacturers, this means that expansion plans often stall out due to the space crunch.
