A logistics firm has leased more than 840,000 square feet of industrial space in Morris County, helping to backfill what was a sprawling Toys R Us facility that investors have repositioned.
The cost to lease industrial space in New Jersey skyrocketed in 2021, with average asking rents for high-end buildings jumping by more than 50 percent from the previous year.
An e-commerce logistics firm has leased more than 570,000 square feet at a Mount Olive industrial building, where brokers continue to market nearly 850,000 square feet.
