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The new facility will help bolster trade at the Port of New York and New Jersey and create more than 2,700 new jobs, generated by construction and future tenants.
A three-property portfolio and a separate distribution facility near the DFW Airport, along with a manufacturing and distribution asset located in South Dallas, recently sold to Western-focused buyers.
This type of development, 27905 Commercial Park Rd., is reflective of the economic boom Tomball is experiencing after the completion of the Grand Parkway.
At the annual Pulse of the Port conference, economist Mario Moreno subsided talk of a potential trade war between China and the US and estimated record trade growth from China in 2018.
In an exclusive TV interview with GlobeSt.com, former NJ Gov. Jim Florio says the state needs to use its resources more judiciously, investing to enhance existing sites, rather than building from scratch.
Kearny Mesa and PCCP breaks ground on a 311-acre industrial development, the largest in the last decade, and is working with CalTrans complete the SR11.
As the migration of companies and residents to the Houston region continues, the demand for self-storage facilities will expand, which adds to the long-term value and strategically positions assets to perform over time.
“This acquisition is a testament to the growing self-storage market in the metro New York area,” says Sonny Jumani, president and partner of Rochelle Park, NJ-based Tulfra Real Estate.