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“Mainfreight's decision to take industrial space at 50 Cable Drive is a testament to northern New Jersey's extensive transportation network, population density and educated workforce,” says CBRE's William Waxman.
Should the trade disputes escalate it will likely result in less demand for industrial space as US imports require more space than US exports, CBRE said.
The portfolio Sweden-based Hemfosa will acquire includes office, warehouse and logistic assets and totals approximately 460,000 square meters or nearly 5 million square feet.
The transactions illustrate the rapid strides advanced analytics and reporting and artificial technology are making into the commercial real estate space.