RealShare EXCLUSIVE: Nation's Industrial Market Is Healthy

SECAUCUS, NJ-The market numbers are generally good, tenant demand is being impacted by macro factors, and panelists of the Town Hall Meeting presentation at RealShare Industrial East conference Thursday morning were generally glad to be in the industrial real estate business. The panel was introduced by Jonathan Schein, president and CEO of Real Estate Media, producers of the event, which was attended by more than 300 industry leaders.

Given the event’s Garden State venue, moderator James L. Dieter, executive managing director of CB Richard Ellis in Chicago, started things off right here by asking the panelists, “why New Jersey for industrial real estate? It has high land costs, tough environmental issues….”

Terming the market “one of the greatest industrial markets in the country,” Emanuel Stern, president/COO of the locally based Hartz Mountain Industries, gave credit to “the nexus of population and infrastructure.” Virtually all of his company’s holdings are in Northern New Jersey, and most of that is industrial product.