Real Estate NJ was thrilled to welcome a sold-out crowd to our recent event — The View from the Top: A Conversation with Leaders in Logistics Real Estate — at The Highlawn in West Orange. More than 200 attendees turned out to hear from five top industry executives — Jeff Milanaik of Bridge Industrial, Fritz Wyler of Prologis, PJ Charlton of CenterPoint Properties, Britt Winterer of Link Logistics (a Blackstone company) and Rob Kossar of JLL — for a timely, wide-ranging discussion on the state of the industrial real estate market.
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.
Decarbonization, electrification journey driving investment and business decisions
As we celebrate Earth Day, it’s impressive to see how many more investment, siting, purchase and business decisions are being driven by growing public demand to reduce our carbon footprint. Government agencies, investors, consumers and businesses are quickly becoming aware of the need and benefits of embracing this paradigm shift. Owners and developers of commercial and industrial real estate property are increasingly accommodating their tenants’ demands for charging stations, solar panels and other brokered services. The popularity of electric vehicles (EV) continues to gain momentum across the globe as green investing is influencing automakers’ plans and the economics of owning an EV are becoming more favorable. Sustainability has become mainstream as society realizes its benefits, including lower costs, cleaner air, less traffic congestion, higher rate of return on investments, less dependence on foreign oil, better quality of life and less extreme weather.
