We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.
Rockefeller Group has started construction on a new 400,000-square-foot distribution center, as it expands upon its recently built, 2.1 million-square-foot logistics campus in Piscataway.
The race to attract quality labor has led industrial developers and users to focus increasingly on wellness-oriented design and features, but that shift has become all the more important in recent months as occupiers look to keep employees safe from COVID-19.
Rockefeller Group is hailing the lease-up and completion of a 2.1 million-square-foot industrial park in Piscataway, marking the successful redevelopment of a former manufacturing site.
Rockefeller Group and PCCP LLC have sold a Piscataway distribution center for $65.7 million, their latest sale of a building within a 2.2 million-square-foot industrial development.
Rockefeller Group and a joint venture partner, PCCP LLC, have sold two newly completed buildings in a planned 2.1 million-square-foot logistics park in Piscataway, including a 725,000-square-foot distribution center for Best Buy.
Rockefeller Group and PCCP LLC have filled a second building at their planned 2.1 million-square-foot industrial park in Piscataway, signing a 155,000-square-foot lease with a maker of ductless heating and cooling products.
A new Best Buy distribution center is slated to open in Piscataway by this year’s holiday shopping season, under a 725,000-square-foot lease touted Friday by Rockefeller Group.