A development team has secured more than $100 million in financing for the first two buildings in a planned 3.2 million-square-foot industrial park in Gloucester County.
Greek, importer sign 16,000 sq. ft. lease in East Brunswick, BRC says
Virtual broker event highlights construction at massive Linden logistics complex (VIDEO)
JLL: New Jersey industrial demand starts strong in Q1, faces new test from COVID-19
Developers set to begin vertical construction at 4.1 million sq. ft. Linden industrial park
Greek, fitness operator ink 2,400 sq. ft. warehouse lease in East Brunswick
Developers continue focus on amenities, aesthetics to help tenants compete for talent
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.