A logistics firm has leased more than 840,000 square feet of industrial space in Morris County, helping to backfill what was a sprawling Toys R Us facility that investors have repositioned.
The cost to lease industrial space in New Jersey skyrocketed in 2021, with average asking rents for high-end buildings jumping by more than 50 percent from the previous year.
An investment firm has acquired more than 135,000 square feet of industrial space on the border of Middlesex and Union counties, in a transaction arranged by Sheldon Gross Realty.
