Accounting firm Wiss & Co. LLP has leased more than 40,000 square feet at a Florham Park office campus, in the largest of several newly announced transactions by Avison Young.
Avison Young has added a longtime industry professional to its New Jersey office to spearhead a series of growth initiatives in the market.
A biopharmaceutical company is leasing more than 9,000 square feet as part of a move to a Florham Park office campus, in a newly announced transaction by The Garibaldi Group.
Avison Young has made a new addition to its debt and equity team in New Jersey, tapping a recent intern as an associate based in the firm’s Morristown office.
A medical device company is relocating its headquarters in Burlington County, having leased nearly 21,000 square feet at an Evesham office building.
A development group led by a local family-owned business has broken ground on a project that will add six apartments to the site of historic glass business in downtown Princeton.
A refrigerated warehouse provider has renewed its 30,000-square-foot lease at an Elizabeth industrial building, in a newly announced transaction by Avison Young.
A pharmaceutical manufacturer has recommitted to its North American headquarters in Parsippany, in a newly announced transaction by Avison Young.
Users in New Jersey’s booming industrial sector have faced a severe lack of supply in recent years, leading to unprecedented rent growth and an unabated race to find development sites. New space is on the way — and plenty of it — with millions of square feet slated to come online in the next two years. Yet market experts say demand will continue to outpace supply, given the continued upside of e-commerce and a race by traditional retailers to update their supply chains.
Demand for cold storage warehouse space nationwide, and particularly in the Garden State, is on fire, largely because of rising online fresh grocery sales and changing consumer preferences for fresher foods. Meeting that demand could prove challenging — given the cost and complexity of such projects and the need for specialization — but some developers are positioning themselves to be ready when users come calling.