Industrial rents near Port Newark-Elizabeth are still rising despite a pullback in leasing, thanks to new development and the continued dominance of the East Coast’s top shipping hub.
A freight and logistics company has leased nearly 68,000 square feet of industrial space in Secaucus, in a newly announced deal by Cushman & Wakefield.
The owner of a 210,000-square-foot office building in Bridgewater is making a push to attract life sciences companies, having already secured one such lease in recent months.
Cushman & Wakefield has fortified its team of multifamily investment sales brokers in New Jersey with the appointment of new co-leaders and the addition of three industry veterans.
Investment firm Dalfen Industrial has expanded to central New Jersey with its purchase of a nearly 100,000-square-foot warehouse in Franklin’s Somerset section.
Vacancy in New Jersey’s booming industrial market has ticked upward, thanks to a flurry of new construction and a return to what experts describe as normalized demand levels.
Construction is set to begin on a 100,000-square-foot industrial building in Carlstadt, in a project that will bring modern logistics space to the aging Meadowlands submarket.
Industry veteran Kim Brennan has returned to Cushman & Wakefield, where she will focus on business development in the office and corporate real estate sectors.
