In this EXCLUSIVE, Randy Wood recently shared some insights on how COVID-19 is impacting the industrial market, trends in industrial leasing, the status of inventory and tenant space requests.
Impulse 4.0 recently signed a lease to occupy 125,646 square feet of industrial space at 9581 Joe Rodriguez Dr. due to its high-demand warehouse and distribution space in the only new El Paso class-A industrial site.
The Park Avenue at Morris County property is a six-building, 1.16-million-square-foot trophy-quality office park at 100 - 600 Campus Drive in Florham Park, NJ at the Columbia Turnpike exit off Route 24.
District 237's new leases include a new long-term lease for 142,710 square feet with Raytheon, 96,000 square-feet to NXP Semiconductors and 76,000 square-feet to CDK Global.
The Philadelphia-based real estate investment advisory firm, also notes that it has begun capital improvements involving both interior and exterior upgrades at the nearly 467,000-square-foot property.
The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.