(Mark your Calendars: RealShare New Jersey in New Brunswick on September 13.)
SECAUCUS, NJ–With more than 3.2 million square feet of industrial space leased in the second quarter, Hartz Mountain Industries has leased more industrial space in the first half of this year than since 2006. The activity, according to Hartz president and COO, Emanuel Stern, indicates the strength of the recovery and the appeal of the Meadowlands region.
“We are seeing evidence that our region has stabilized while others remain challenged,” Stern says, in a statement. “This is a good leading indicator of the commercial real estate market and possible regional recovery, but a better reflection of our strategic advantages.”
Among the leases signed during the quarter was a 114,168-square-foot deal with Empire Auto Parts, which took all of 15 Jackson Road in Wayne. In addition, Yusen Logistics Americas has taken 32,000 square feet of office space at 300 Lighting Way, in Secaucus.
Other large deals during the first half include National Retail Transportation taking 224,000 square feet in North Bergen, Presidio leasing 160,000 square feet and IDC taking 146,000 square feet in Secaucus, Fabuwood’s 115,000-square-foot deal in Jersey City, and GE’s 114,000-square-foot commitment in Hanover.
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