Many of the gateway markets have reached full employment, and much of the recent absorption has occurred in secondary cities.

“Peykar Family Properties hopes to capture the very active e=commerce market, which accounts for almost half of the new spec product being built,” says Cushman & Wakefield's Danzig. “The building, however, could accommodate any use, food or consumer products.”

“We're thrilled to move forward with the Rockefeller Group Logistics Center on one of the largest remaining developable sites in New Jersey at a time when demand for well-located and well-designed industrial product in the state is so strong,” says Rockefeller Group's Clark Machemer.