A building materials company has extended its 50,000-square-foot lease in Elizabeth, in the largest of five newly completed transactions by Elberon Development Group.
Freezer, cooler space in high demand in New Jersey, as users face a lack of supply
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.
HFF: Avidan, Elberon add 135,000 sq. ft. warehouse in Jersey City
A joint venture has acquired a vacant, 134,500-square-foot warehouse just off the New Jersey Turnpike extension in Jersey City, in a newly announced transaction by HFF.
Elberon acquires 65,000 sq. ft. Hillside warehouse, plans other deals in 2019
Elberon Development Group has acquired a 65,000-square-foot warehouse and distribution center in Hillside, the first of what could be several upcoming additions to its portfolio.
Parting thoughts: Outgoing NAIOP New Jersey president reflects on chapter’s growth — and continued priorities
As Dave Gibbons wraps up his two-year term as NAIOP New Jersey’s president, he says the organization has made strides with public policy goals such as a new performance bond law and liquor license reform, while growing to nearly 850 members to become the association’s sixth-largest chapter in the country. But he believes there is always more work to be done in both the legislative arena and when it comes to networking and recruitment.
NAIOP honors new hall of fame class, CRE industry leaders
A crowd of nearly 400 turned out Monday night as NAIOP New Jersey inducted three commercial real estate leaders into its hall of fame, while honoring a longtime state government leader and three key industry professionals.
Elberon: New deals bring Elizabeth building to 100 percent leased
Elberon Development Group has signed two new leases at a 115,000-square-foot warehouse in Elizabeth, including a deal with a foot care business that is relocating from Brooklyn.
Oliver talks DCA changes, affordable housing at NAIOP forum
State officials are weighing their options for modernizing the Department of Community Affairs, Lt. Gov. Sheila Oliver said last week, from electronic permitting to the potential to allow municipalities to privatize code enforcement. Far less certain is how they will tackle more high-profile issues such as affordable housing, shared services and the tax credit programs that have fueled development in recent years.
Growing online grocery sales will boost N.J. cold storage market, report says
As one of the nation’s top 10 markets for cold storage space, New Jersey is poised to benefit from what experts say will be the continued growth of online grocery sales.
EDA: Foot care company weighs move to Elizabeth from Brooklyn
The state has approved a 10-year, $2.75 million tax credit to encourage a Brooklyn-based foot care company to move a major part of its operation to Elizabeth.
