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Duke Realty’s NJ Industrial Portfolio Approaches 6M SF with Latest Acquisition

“Our expansion into Northern New Jersey is an important part of our overall acquisition strategy, which is focused on increasing our holdings in Tier I distribution markets," says Mark Crawford, vice president of acquisitions and dispositions for Duke.

Rendering of 960, 980, and 1000 High St., Perth Amboy, NJ Rendering of 960, 980, and 1000 High St., Perth Amboy, NJ

EAST RUTHERFORD, NJ—Duke Realty’s New Jersey industrial portfolio expanded to nearly six million square feet with its latest acquisition of a 3.1 million-square-foot industrial property that includes six newly constructed buildings and two land sites for future development.

“This acquisition gives Duke Realty an industrial portfolio that is second-to-none in terms of location and quality,” says Ben Rosen, vice president of leasing and development for Duke Realty in New Jersey. “All of these properties have excellent access to I-95, are within a short drive of New York City and feature the modern amenities today’s industrial users want. This acquisition, along with other buildings Duke Realty has developed and acquired over the past five years, gives us a portfolio featuring some of the newest, best-located and highest quality assets in one of the nation’s premier infill markets.”

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Steve Lubetkin

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

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