Rockefeller Group has broken ground on a 2.2 million-square-foot logistics campus in Piscataway, in what it says is one of the state’s largest remaining sites for industrial development.
A joint venture has sold a 228-acre former brownfield site in Piscataway for $57 million, following a three-year effort to secure approvals that would allow the parcel to be redeveloped as a 2.4 million-square-foot industrial park.
Many of the state’s top office brokers turned out last week for an up-close look at a sleek new flexible stay community in Florham Park and the site of a new corporate office building that could soon rise alongside it.
The Rockefeller Group is moving ahead with the next piece of its master-planned redevelopment site in Florham Park — a proposed build-to-suit office building that the firm is now marketing to prospective tenants.
A series of high-profile deals, along with research by a top real estate services firm, shows that the demand from e-commerce users is overwhelming in the Garden State. And it shows no signs of abating, as online retail businesses and on-demand food services only continue to grow.
