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Premier Industrial commercial real estate news, analysis, trends and information including warehouse, distribution, logistics, e-commerce, self storage and R&D space deals and players.
The property is ideally located to serve the growing demand for last-mile distribution facilities in the Northeast, says Andrew Skydell, founder of Simi Capital.
Nearly 46 acres on an in-fill industrial central site on the south side of Kearney Street west of Highway 352 with solid and diverse economics along with a large workforce was attractive to Dalfen Industrial.
“With recent updates to the building and tenants already in place, 2605 Clearbrook provided the flexibility and stability sought in the marketplace,” says Kelly Joyce, a vice president at Colliers Chicago.
“Its success is reflective of Rockefeller Group's long track record of successful Garden State developments, as well as the shifting market fundamentals that are driving tenants to the 287 market,” says Cushman & Wakefield's Jules Nissim.
"Infill product close to New York City has become more expensive to lease and difficult to acquire as a result of limited supply and voracious tenant demand," says Christopher M. Bellapianta of Camber Real Estate Partners.