Investors have paid $8.5 million to acquire a three-building, 193,000-square-foot warehouse portfolio in the sprawling Pureland complex in Gloucester County.
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.
Avison Young announces new service program to mark five years in tristate
Avison Young is marking the fifth anniversary of its operations in the region by launching a new charitable initiative. Known as the Avison Young Five for Five program, the initiative calls for each employee in the tristate area to dedicate five hours of volunteer community service to charitable organizations over a five-month period.
Retailer demand moves toward record-breaking absorption in 2018
Changes in consumption patterns continue to shift retailer demand away from brick-and-mortar storefronts to industrial facilities with immediate access to large swaths of the U.S. population. In 2017, traditional and e-commerce retailer requirements exceeding 200,000 square feet totaled 7.8 million, representing a 120 percent increase over the 2016 total of 3.6 million.
