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New York & Tri-State  + New Jersey  + Industrial  | 

Duke Turns to Spec to Fill NJ Industrial Demand

Having brought its recently-acquired New Jersey portfolio to 100% occupancy, Duke Realty is turning to new construction to meet demand. The industrial REIT has begun building a 193,805-square-foot facility on spec at 5 Ethel Blvd. in Carlstadt/Wood-Ridge, NJ within the Meadowlands submarket, anticipating a February 2019 delivery.

“Industrial demand in Northern NJ and the Meadowlands continues to be strong, as companies seek out distribution space in close proximity to the populous New York City metro area,” said Duke’s Ben Rosen. “However, there are very few functional availabilities in the market, including in our own portfolio. With 5 Ethel Blvd., Duke Realty will be well-positioned to meet the needs of users looking for well-located, modern space on the doorstep of New York City.”

The new property’s location affords convenient access to both New York and several arterial highways. There is also potential for Norfolk Southern rail connectivity.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).