The owner of a newly built, 130,000-square-foot industrial building in Mercer County has refinanced the property for $14.5 million, in a newly announced deal by JLL.
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.
Building up: The future of warehouse design in urban markets
The ever-growing demand and need for prompt fulfilment is forcing businesses and developers to react to the market with more warehouse space that is closer to the consumer. When development footprint in the middle of major U.S. cities is high in price and in low supply, you must build up, not out — this has been the answer in the commercial and residential markets for decades.