The owner of a 108,000-square-foot industrial and flex complex in Paterson is seeking a buyer, offering the potential for an adaptive reuse with the help of state and federal incentives.
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.