Game-changer: Amazon has been a driving force in surging N.J. distribution market

There’s no ignoring Amazon’s impact on the state’s industrial sector since early 2013, when the company committed to building its first New Jersey fulfillment center in Robbinsville. Not only has Amazon absorbed at least roughly 9 million square feet of warehouse and distribution space since that time. It quickly emboldened other pure e-commerce players that were hesitant to establish a footprint in New Jersey, amid concerns over having to collect sales tax from customers if they had a physical location here.

Developers sell iconic Panasonic tower in Newark for $165M

SJP Properties and Matrix Development Group have sold Panasonic’s North American headquarters building in Newark to an overseas investor for a reported $165 million, the firms announced Wednesday.

Matrix looks to Staten Island as its next frontier

Matrix Development Group is crossing the Arthur Kill for its latest industrial project, breaking ground on its first two buildings in a planned logistics park in Staten Island.

Panasonic extends, expands HQ lease in downtown Newark

Panasonic Corp. of North America has extended and renewed its lease for a total of 337.552 square feet at its three-year-old Newark headquarters.