CenterPoint Properties has expanded its New Jersey holdings with the addition of a 224,000-square-foot industrial building in South Brunswick, executives said Tuesday.
Industrial leasing in northern and central New Jersey topped 40 million square feet for the third consecutive year, Colliers International said Friday, thanks to a surge to close out 2017.
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.
Attorneys for the township of South Brunswick are accusing a former Superior Court judge of having a conflict of interest, citing his ties to a developer that he went to work for only months after ruling that the municipality must zone for at least 1,500 affordable housing units.
A new 450,000-square-foot industrial building in South Brunswick is at full occupancy after its developer signed leases with two logistics providers, according to CBRE Group Inc.
G.S. Wilcox & Co. has arranged a $56 million for a client to refinance a six-building industrial portfolio in Bergen and Middlesex counties, the firm announced Monday.
More than a decade after its founding, a Fairfield-based real estate firm has entered the industrial market with two recent acquisitions and its plans for a new speculative warehouse project.
Heller Industrial Parks inked more than 50 transactions across its vast industrial footprint last year, accounting for some 5 million square feet in leasing activity and keeping the firm’s occupancy at 100 percent heading into 2017.
Construction is underway on a nearly 190,000-square-foot distribution center in South Brunswick, the second of three phases in a planned industrial complex off New Jersey Turnpike Exit 8A.
