The Sudler Cos. has torn down yet another decades-old office building in its portfolio, clearing the way for a new convenience store and gas station in Monmouth County.
New Jersey industrial landlords have inked a flurry of big-box leases in recent months, Cushman & Wakefield said, driving nearly 9 million square feet of deal volume during the third quarter.
The Sudler Cos. is hailing the success of a high-profile redevelopment project in Cranbury, where it has leased two new industrial buildings totaling 758,000 square feet at the former site of a large office complex.
After tearing down a large, aging office building to make way for two new distribution centers in Cranbury, the Sudler Cos. is looking to replicate that formula elsewhere in its portfolio.
