A mix of office and industrial deals have accounted for more than 130,000 square feet of recent activity at buildings owned by National Realty & Development Corp., the firm said recently.
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.
CBRE marketing 129,000 sq. ft. industrial building in Middlesex Co.
1 Jake Brown Road in Old Bridge — Courtesy: CBRE
By Joshua Burd
Brokers with CBRE are marketing a nearly 130,000-square-foot warehouse in Old Bridge, in what they say is a rare opportunity to buy an industrial building in Middlesex County.
The firm said the property, located at 1 Jake Brown Road, provides quick access to routes 9, 18 and 440, along with the Garden State Parkway. The 47-year-old building has a new roof, 20,000 square feet of office space and a ceiling height of 18 feet, four inches.
CBRE also touted the site’s access to a strong labor market and to Port Newark-Elizabeth and the New Jersey Turnpike. Other building features include two exterior tailboard doors, 150 spaces for car parking, 30-foot-by-30-foot column spacing and available trailer parking.
The CBRE team marketing the property includes Mindy Lissner, Bill Waxman, Robert Pine and David Gheriani
CBRE: Pop-ups, m-commerce and discounters among growing trends this holiday season
Pop-up stores are in fact set to make a return this holiday season, but they’ll be joined by a growing number of pop-up warehouses. Those are among the findings in a new report by CBRE that’s meant to forecast this year’s holiday trends in commercial real estate. The report also points to an expansion of mobile commerce and strength in discount retailing, as consumers continue to seek omnichannel access, value, variety and experiences.
