Globest.com is reporting that demand for industrial real estate remained strong over the third quarter. The report showed that industrial property sales were up by 24% for the quarter, totally over 4.6 million sqaure foot of space that was sold in the three month time period. The article goes on to report some of the largest transactions that took place, referencing large leases at 1 Heller Park Lane in Somerset and 760 Jersey Avenue in New Brunswick. Together those two transactions alone were responsible for leasing up over 640,000 square foot of industrial space and served to help drive the market for the quarter.
To read the entire report, go to Globest.com.