The U.S. economy is nearing the end of its current expansion cycle, but there are still reasons for optimism about the commercial real estate market in New Jersey and nationally.
A real estate investment trust has acquired a nearly 200,000-square-foot industrial property in Swedesboro as part of a recent two-building deal, two-state deal.
Two Elizabeth-based developers have partnered once again, this time acquiring a Branchburg industrial building that serves as a FedEx distribution center.
Denholtz Associates recorded some 1 million square feet of leasing activity in 2016, including about 700,000 square feet in New Jersey and a deal with a major publishing company in Florida.
With inauguration day on the horizon, there has been no slowdown in speculation over how a Donald Trump presidency will impact the commercial real estate sector.
Brokerage firm HFF has secured a $162 million loan to help Hartz Mountain Industries refinance a 13-building, 2.67 million-square foot industrial portfolio in northern New Jersey.
Cushman & Wakefield has brokered the sale of a sprawling 415-acre development tract in Gloucester County, where the buyer plans to build a 3 million-square-foot industrial park.
Heller Industrial Parks inked more than 50 transactions across its vast industrial footprint last year, accounting for some 5 million square feet in leasing activity and keeping the firm’s occupancy at 100 percent heading into 2017.
If there’s any doubt about the demand for new industrial space in New Jersey, look no further than the response to speculatively built warehouse and distribution projects in 2016.