In the firm's fourth quarter 2019 report on the Southern New Jersey and Southeastern Pennsylvania markets, WCRE states that although leasing activity was down overall, vacancy rates remained low and gross leasing absorption was positive.

This year investors should not count on significant appreciation returns, but expect that income returns will remain steady.

C&W projects pressure to remain high on industrial occupancy and rent growth levels across North America.

The unidentified company signed a new 29,974 square-foot lease deal at the two-story, 139,750-square-foot asset, which combined with its previous 26,556 square feet of sublease space, brings its presence at the complex to 56,530 square feet.