Industrial rents near Port Newark-Elizabeth are still rising despite a pullback in leasing, thanks to new development and the continued dominance of the East Coast’s top shipping hub.
Prologis Inc. is bringing more than 140,000 square feet of new industrial space to a site near Port Newark-Elizabeth, in one of several projects in its New Jersey development pipeline.
A beleaguered private equity firm has sold 30 acres in the heart of Newark’s port district, where its plans once called for some 250,000 square feet of cold storage space.
Duke Realty has announced its purchase of a 53-acre site in Newark, providing it with a coveted outdoor storage lot and a future redevelopment opportunity.
The world’s largest real estate investment trust focused on temperature-controlled warehouses has acquired a South Plainfield-based owner and operator for $480 million.
CenterPoint Properties has acquired an industrial site near Port Newark-Elizabeth, touting its abundance of parking and an opportunity for future development.
A real estate firm is planning major upgrades at an industrial building beneath the Goethals Bridge, following its acquisition of the 318,000-square-foot property in Elizabeth.
New Jersey’s booming industrial market has pushed Bussel Realty Corp. to add to its brokerage team with two new hires, the Edison-based real estate services firm said Wednesday.
Seagis Property Group has acquired a 504,000-square-foot industrial building in Linden and has embarked on a multimillion-dollar renovation at the property, Cushman & Wakefield announced.
