The pandemic has not stifled rent growth in New Jersey’s industrial market, as Amazon and other e-commerce users continue to drive leasing and construction activity statewide.
A nail salon has inked a 1,700-square-foot lease at a North Brunswick shopping center, under a recently completed transaction with Levin Management Corp.
Burlington Coat Factory has leased nearly 47,000 square feet at a former Toys R Us and Babies R Us location in Union, the largest among several newly announced deals by Jeffery Realty.
Alliance Calibrations Group, which manages instruments in chemical laboratories, has acquired an 11,000-square-foot facility in North Brunswick that will serve as its permanent headquarters.
A building and construction products distributor has extended its 112,000-square-foot lease in North Brunswick, brokers with Colliers International announced Monday.
Gov. Phil Murphy hit the road on Wednesday to highlight a plan to draw more venture capital to New Jersey, a key piece of his proposal to replace the state’s expiring business incentives.
A fulfillment and logistics business has committed to a 300,000-square-foot, built-to-suit facility in North Brunswick, giving new life to an industrial site that was leveled by a massive fire nearly four years ago.
A lack of new supply in New Jersey’s industrial market led to a year-end slowdown in leasing — despite high demand — setting up another year of robust activity for newly built warehouse and logistics space.
