Demand Floods Mid-Atlantic Industrial Market
“Developers are finding sites that, in the past, were not considered infill from a tenant perspective but that are now becoming more desirable and driving land values higher,” adds Jon Pozerycki, vice president of acquisitions who oversees the New Jersey market for Chicago-based Bridge Industrial. “But there’s such demand for e-commerce and last-mile services that tenants are willing to take secondary locations to be housed in modern Class A facilities with high clear heights and ample trailer and car parking.”
Bridge Industrial recently announced plans for the second phase of its Bridge Point 78 project in Phillipsburg, a city in New Jersey located along the I-78 corridor by the Pennsylvania border.
Phase II of the industrial development will consist of a 1.4 million-square-foot building and a 262,500-square-foot building that can accommodate users with a wide range of space requirements. In addition, the buildings check all the boxes for e-commerce users: cross-dock configurations, 36- to 40-foot clear heights and ample parking for cars and trailers.
//rebusinessonline.com
