HFF has secured nearly $15 million in financing to help a joint venture acquire, entitle and renovate an industrial building in South Brunswick, where it also hopes to build on an adjacent development site.
HFF’s midyear 2017 industrial capital markets brief
From an equity markets perspective, demand for industrial product continues to be strong with institutions and private funds that are underweight in northeast industrial properties. The reason we are not seeing more activity is because there has been — and continues to be — a lack of quality offerings in the most sought after markets from the Meadowlands down along the Interstate 95/Turnpike Corridor to Exits 8A/7A.