MARE Journal: November 25, 2016
The New Jersey Industrial market has proven to continue its trend of being scorching hot. Leasing velocity at 8A has once again landed big tenants for big blocks of space. The Blau & Berg Company procured 343,485 square feet for UPS for its ecommerce fulfillment, Central Garden & Pet assumed 550,050 square feet and Wayfair leased 1,240,000 square feet. Not to be outdone, Amazon forged ahead to absorb 809,000 square feet at exit 12, which brings their total New Jersey footprint to +/- 7,000,000 square feet.