A joint venture has sold a nearly 240,000-square-foot distribution center on Long Island for $50 million, in a transaction by JLL’s New Jersey-based capital markets team.
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.
Rockefeller says growth of in-house design, construction team has boosted project speed
In a time when industrial builders can’t deliver new space fast enough, those with in-house design and construction teams are finding ways to speed up the development process. The Rockefeller Group has honed that strategy in recent years with a series of key hires in the region. In the process, executives say the moves have also provided a leg up in the increasingly competitive and increasingly complex search for new sites.
