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.
A logistics firm for the pharmaceutical sector has leased more than 60,000 square feet in South Brunswick, in one of three recent deals announced by Team Resources Inc.
Industrial leasing in northern and central New Jersey took a slight step back in the third quarter, but only because demand continues to outpace the amount of big-box space available in the market.
Heller Industrial Parks inked more than 50 transactions across its vast industrial footprint last year, accounting for some 5 million square feet in leasing activity and keeping the firm’s occupancy at 100 percent heading into 2017.
A logistics firm has a new home at a South Brunswick industrial building after a lease arranged by Bussel Realty Corp., the real estate services firm said Monday.
