Tom Monahan, vice chairman, CBRE's New Jersey Industrial and Logistics Practice
SADDLE BROOK, NJ—Class A industrial properties in the North and Central New Jersey markets are the driving force behind the hot industrial market, CBRE says in a new report.
“One of the main reasons for the success of the class A industrial market is the consistent growth of e-commerce and, along with it, the growing demand for efficient facilities that can accommodate 'last mile' delivery solutions,” says Thomas Monahan, vice chairman of CBRE's New Jersey Industrial and Logistics Practice. “New generation class A facilities, with their larger size, expanded ceiling heights, wider column spacing, super-flat floors, perimeter security and expanded truck and car parking capacity, are best suited to accommodate the growing demands of e-commerce companies.”
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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].
