Hartz Mountain Industries has leased nearly two-thirds of a new 218-unit high-end rental property in Weehawken, hitting the milestone just four months after its debut and as the firm marks the completion of its acclaimed Lincoln Harbor district.
Right place, right time
As you’ll read in this month’s cover story, Asia-based third-party logistics firms have been critical for many Garden State landlords, creating new demand and helping to fill excess inventory after the recent development surge. A spike in 2024 — when the offshore firms accounted for some 42 percent of all Class A industrial leasing in the state — has given way to a more modest pace in 2025. Yet developers expect Asian 3PLs to continue to loom large going forward, even with the cloud of a trade war between the U.S. and China.
