Industrial

Amazon's ability to deliver products in the shortest possible time is putting intense pressure on the global retail industry and fundamentally changing the way supply chain management works.

"Wastequip was exploring options from I-595 to Pompano Beach for distribution purposes to service the Tri-County area."

The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.

An affiliate of Public Storage has purchased a portfolio of three Class-A self-storage properties with a total of 3,596 units in the greater New York City and Boston areas. Jones Lang LaSalle arranged the transaction.

Seagis invested significantly into the building since the former tenant vacated in December.

Gov. Baker has also directed the Department of Public Health to issue a stay at home advisory outlining self-isolation and social distancing protocols. Residents are advised to stay home and avoid unnecessary travel and other unnecessary activities during the two-week time period.