New Jersey

“CBRE continued to experience outstanding leasing and sales momentum throughout the summer months,” says Jeff Hipschman, senior managing director, CBRE.

The industry's annual contribution to the state economy is estimated at $47.5 billion—86 percent higher than the national average, says Andrew Judd, Cushman & Wakefield's New Jersey market leader.

The property is net-leased for 15 years to FedEx Ground Packaging System. The building is situated on approximately 93 acres.

The EPA grants included $6.6 million awarded to the Camden County Municipal Utilities Authority for ten new rain gardens in the City of Camden and replacement of deteriorating combined sewer pipes.

CustomSpace provides full-service warehousing, storage, and office space to businesses and individuals looking for 250 to 10,000 square feet.

The new logistics facility will provide a large block of modern, ready-to-move-into space in a high-demand market.

Monmouth County is a historically strong retail submarket and home to some of the state's prominent top-performing shopping centers.

"Our expertise lies in identifying and rejuvenating distressed properties, creating a viable asset where there was formerly an obsolete property,” says Terry Frassetto, Saddleback president.