Industrial
Bridge sells 2.2 million sq. ft. Phillipsburg industrial portfolio to PGIM for $275 million

Bridge Development Partners has announced the sale of a four-building, 2.2 million-square-foot industrial portfolio in Phillipsburg, the first piece of a massive project near Interstate 78.

Policy Page
Taking the temperature of New Jersey’s economy and commercial real estate sector

We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.

Industrial
New Jersey industrial rents hold strong during COVID outbreak, brokerage firms say

The pandemic has not stifled rent growth in New Jersey’s industrial market, as Amazon and other e-commerce users continue to drive leasing and construction activity statewide.

Industrial
Bridge, beverage company ink 420,000 sq. ft. lease at Warren County industrial park

Bridge Development Partners has lured a second tenant to its new logistics park in Warren County, inking a nearly 420,000-square-foot lease with a well-known beverage company.

Industrial
New Jersey slated for third-largest expansion of industrial space this year, report says

With modern logistics space still in short supply across the country, northern New Jersey will be among the top three markets this year to expand its stock of industrial buildings.

Industrial
New Jersey project will be this year’s top industrial delivery, report says

The unrelenting demand for industrial space has fueled new construction across the country — and New Jersey is home to what will be the largest project of the year.

Industrial
Colliers: Interest remains high, but options still scarce in New Jersey industrial market

A lack of new supply in New Jersey’s industrial market led to a year-end slowdown in leasing — despite high demand — setting up another year of robust activity for newly built warehouse and logistics space.

Industrial
Bridge, local officials hail start of 4 million sq. ft. industrial park in Warren County

Bridge Development Partners has broken ground on its largest project in New Jersey to date — a 4 million-square-foot logistics park spanning Phillipsburg and Lopatcong along Route 22.