A series of high-profile deals, along with research by a top real estate services firm, shows that the demand from e-commerce users is overwhelming in the Garden State. And it shows no signs of abating, as online retail businesses and on-demand food services only continue to grow.
Sitex Group has added to its ever-growing portfolio of northern New Jersey industrial space, acquiring a 55,000-square-foot building in Moonachie.
A clothing manufacturer has paid $4.8 million to acquire a 138,000-square-foot industrial property in New Brunswick, Bussel Realty Corp. announced Wednesday.
A produce distributor has picked Dermody Properties to develop its new packing and cold storage facility in Gloucester County.
Conair Corp. has sold a 27-acre development site alongside its headquarters in East Windsor, according to the brokerage firm that orchestrated
Research by the firm has found that rents for warehouse and distribution space, particularly along the New Jersey Turnpike, are shattering the asking prices of landlords, as the competition among tenants becomes especially fierce.
The Sudler Co. has inked a 25,000-square-foot warehouse lease in Lakewood with a maker of wire ducts and other products.