One Stop Logistics' 369,294-square-foot lease at 83 Stults Road in South Brunswick (pictured) was one of the largest commitments this quarter, says Cushman & Wakefield.
Restaurants and food and beverage is not only driving retail leasing, but real estate owners in every asset class are creating curated food experiences to drive value.
The deal in West Hartford comes about two months after it struck a deal in early May to consolidate its New York City offices into approximately 10,300 square feet of leased space on the 19th floor of 55 Broadway in the Financial District of Manhattan.
“Demand for high quality flex space in Secaucus is strong, and 1 County Road is meeting the demand with a compelling product and superior location,” says CBRE's Kevin Dudley.
The change in net lease property cap rates during the second quarter showed mixed results, with retail cap rates experiencing their greatest quarterly increase since 2011, while office and industrial rates compressed.