Central Jersey ideal spot for distribution, warehouses.The healthy real estate market that the tri-state area There are a number of places in the United States known as tri-state areas where three states or holdings meet at one point (a tripoint), or in proximity to each other. The two most well-known are for the New York and Chicago metropolitan areas. has been enjoying includes many specialized segments, each with its own advantages.
When it comes to the hearty appetite for distribution and warehousing space we've been seeing, New Jersey generally benefits from the availability of open land and the ease of putting up large horizontal structures. And when you zero in on the Central Jersey region, you've hit the bull's eye.
While the Garden State is a natural for industrial properties, big box buildings, and "high cube" warehouses and distribution facilities, the overriding plus for Central Jersey is the old standard location, location, location Location, Location, Location is a popular Channel 4 property programme, presented by Kirstie Allsopp and Phil Spencer. The reality show follows two real estate experts as they try to find the perfect home for a different set of buyers each week. It first aired in May 2001. . The area is strategically situated so that access to both New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and Philadelphia is easy. Almost any company seeking a distribution facility is going to see the cost-saving advantages of operating here.
At exit 10 on the New Jersey Turnpike
v 1. made radioactive by the addition of small quantities of radioactive material.
2. made contaminated by adding infective or radiographic materials.
3. an infective surface or object. 150-acre parcel, part of a 2,500-acre industrial park. The exceptional location of the new 435,000-square-foot hub, with access to the Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State". ,. the Turnpike, and Interstates 95 and 287, is within the Raritan Center Raritan Center is a large business park located in the southern portion of Edison Township in Middlesex County, New Jersey. It is one of the largest business parks in the Northeast and the largest in the County. , the state's largest business/industrial park.
During this past year, Central Jersey's big box buildings and distribution facilities, which offer 32 - 38 foot ceilings and anywhere from 200,000 to 1 million square feet of space, have seen an enormous increase in demand, especially those located down the Turnpike at exit 8A in the area of South Brunswick, Monroe and Cranbury where open space is more readily available. And even now, areas around exit 7A and exit 6 still further down the Turnpike have seen an increase in demand.
Not only are these areas attracting numerous new prime tenants, but they are also retaining many of their current tenants. Companies have chosen to expand here or renew leases, rather than relocate elsewhere.
In the last few years, we have negotiated deals in the vicinity of exit 8A totaling more than 2 million square feet for distribution facilities for such companies as ShopRite/Wakefern, Main Tape, Intimate Resources, Icon and General Medical.
As many would attest, real estate is a cyclical business. As long as the economy remains strong, demand for Central Jersey space is going to also re