(To read more on the industrial market, click here.)
CARTERET, NJ-The state has had an effort in place to get more ofNew Jersey's port-adjacent land developed, and now that effort hassome marketing teeth. Several developers, state agencies and thestate's largest utility are all behind an effort dubbed thePortfields Initiative that could result in as much as six millionsf of new W/D space over the next several years, over and abovewhat's already under construction.
The developers involved include Panattoni, which has gotten thejump with construction of its iPort 12 project here. As reported byGlobeSt.com, the under-construction project encompasses 1.2 millionsf on 113 brownfield acres at Exit 12 of the New Jersey Turnpike.Other developers on board include Matrix, ProLogis, the MorrisCos., IDI and River Terminal Development.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
