There’s no ignoring Amazon’s impact on the state’s industrial sector since early 2013, when the company committed to building its first New Jersey fulfillment center in Robbinsville. Not only has Amazon absorbed at least roughly 9 million square feet of warehouse and distribution space since that time. It quickly emboldened other pure e-commerce players that were hesitant to establish a footprint in New Jersey, amid concerns over having to collect sales tax from customers if they had a physical location here.
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.
