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.
A pharmaceutical company has signed a full-building, 68,000-square-foot lease at a clinical manufacturing facility in Cranbury, brokers with JLL announced Friday.
After decades of consolidation by Big Pharma, demand for modern lab and diagnostic space in New Jersey is on the rise, fueling rent growth and pushing some developers to consider new laboratory projects.
A private investor has reaped more than $2 million from the sale of a 10,100-square-foot retail center in Cranbury, brokers with Marcus & Millichap announced Monday.
A pharmaceutical manufacturer has signed a full-building, 233,000-square-foot lease at a Matrix Development Group industrial complex in Cranbury, Cushman & Wakefield announced.
The state’s industrial market saw a spike in renewal activity this summer, amid the ongoing lack of new supply and the unrelenting demand from tenants.
Landlords and developers are still reaping the rewards of New Jersey’s tight industrial market, where rents continue to rise well above average asking rates.
A heating and cooling supply wholesaler is expanding its footprint in New Jersey with a new 13,600-square-foot lease in Cranbury, real estate services firm NAI James E. Hanson said.
The Sudler Cos. has torn down yet another decades-old office building in its portfolio, clearing the way for a new convenience store and gas station in Monmouth County.