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- Over the last three months, New Jersey’s industrial market recorded nearly 10.0 million square feet of leasing activity, with big-box markets like Southern New Jersey and Exit 8A seeing a flurry of activity.
- Online furniture retailer Wayfair.com signed a 1.3 million-square-foot pre-lease at Clarion Partners’ proposed development site on Brickyard Road in Cranbury.
- An undisclosed user signed a build-to-suit lease for 652,000 square feet in West Deptford.
- Market fundamentals for 2018 are expected to remain positive for developers looking to develop big-box spaces on a speculative basis.
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