A real estate investment trust has acquired a 260,046-square-foot, triple net leased Preferred Freezer Services facility in Perth Amboy, brokers with HFF said Monday.
Bridge Development Partners is planning a three-building, 1.7 million-square-foot industrial complex in Somerset County after acquiring parcels from two separate sellers, part of an effort to refill its pipeline in New Jersey after a blockbuster portfolio sale last year.
Duke Realty Corp. has leased 220,200 square feet in Perth Amboy to a furniture delivery and fulfillment service, bringing its recently acquired New Jersey portfolio to full occupancy.
A fulfillment and logistics firm will be the latest tenant at a new three-building, 1.3 million-square-foot industrial complex in Perth Amboy acquired by Duke Realty late last year.
Raritan Bay Medical Center in Old Bridge — Courtesy: NK Architects By Ben P. Lee, AIA Since the great recession of 2008, the health care sector has emerged as a reliable investment for real estate developers and the capital market.…
A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.
At least for 2017, industrial became the new darling of institutional investors. Here are the top 10 industrial sales in New Jersey of 2017, according to Real Capital Analytics.
After the sale of more than 3 million square feet of industrial space in New Jersey — part of a three-state, $700 million deal announced earlier this fall — Bridge Development Partners is well on its way toward refilling its pipeline in the Garden State. Jeff Milanaik, regional partner for Bridge, said the firm is under contract for a series of sites in northern and central New Jersey that could pave the way for another 6 million square feet of development activity.
The swell of cargo volume at the Port of New York and New Jersey has fueled the Garden State’s lowest industrial vacancy in more than 15 years, according to Transwestern, as rents continue to rise and leasing activity continues at a torrid pace.