A joint venture has broken ground on more than 200,000 square feet of new industrial space in South Brunswick, according to brokers with JLL who helped orchestrate the project.
Industrial tenants leased about 5.5 million square feet in northern and central New Jersey during the second quarter, a new report finds, as vacancy continues to drop to historic lows.
Industrial space in and around New Jersey continued to attract household names in the first quarter, as leasing activity remained on a strong and steady pace to start the year.
HFF has secured nearly $15 million in financing to help a joint venture acquire, entitle and renovate an industrial building in South Brunswick, where it also hopes to build on an adjacent development site.
