Developers continue focus on amenities, aesthetics to help tenants compete for talent

As hiring and human resources decisions drive corporate real estate selection more than ever, New Jersey developers are responding by designing spaces and amenities that meet those needs, while expanding their focus on the labor markets around their project sites.

New construction in 2020, 2021 unlikely to quench demand for New Jersey industrial stock

Users in New Jersey’s booming industrial sector have faced a severe lack of supply in recent years, leading to unprecedented rent growth and an unabated race to find development sites. New space is on the way — and plenty of it — with millions of square feet slated to come online in the next two years. Yet market experts say demand will continue to outpace supply, given the continued upside of e-commerce and a race by traditional retailers to update their supply chains.

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.

Home décor seller takes 124,000 sq. ft. at Greek warehouse in East Brunswick

A home décor company is relocating and expanding in Middlesex County as part of a newly announced, 124,000-square-foot warehouse lease by Greek Development.

Developers, brokers launch 4.1 million sq. ft. logistics center project in Linden

A joint venture has kicked off what it says will be the largest active industrial project near the Port of New York and New Jersey, breaking ground on a 4.1 million-square-foot logistics park at a long-vacant site in Linden.

Greek Development inks 67,000 sq. ft. lease at Bucks County industrial park

Greek Development has signed a new 67,200-square-foot lease at a 12-building, 1.7 million-square-foot industrial park just west of Burlington County.

HFF inks $36 million refi for Woodbridge cold storage project

A joint venture has closed on a nearly $36 million loan to refinance a fully leased, 182,154-square-foot cold storage facility in Woodbridge, following a transaction arranged by HFF.

NAIOP reveals deal of the year finalists for upcoming gala

NAIOP New Jersey has announced the finalists for its coveted Deal of the Year awards, highlighting six of the state’s most impactful projects and transactions of 2018.

SIOR NJ highlights top industrial, office deals from 2018

The Society of Industrial and Office Realtors’ New Jersey chapter presented its annual largest deal awards last week, showcasing some of the industry’s top transactions of 2018.

With opportunities scarce, deal volume slows for New Jersey industrial sales

The struggle continues for investors looking to buy industrial properties in New Jersey, where prices remain high but sales volume remains low compared to other major markets.