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New York & Tri-State  + New Jersey  + Industrial  |  August 22, 2019
Paul Bubny
By: Paul Bubny

Rock Group Launches Big-Box Spec Build in Low-Vacancy NJ Corridor

Rockefeller Group has begun construction on Rockefeller Group 10Edison, a 900,022-square-foot speculative distribution center in Edison, NJ. It will be located on 56 acres off Route 27, at a former ExxonMobil research lab and synthetics oil facility.

“This project is one of the few industrial projects under construction of more than 750,000 square feet in New Jersey, and is a rare combination of location and size,” said Mark Shearer, regional development officer for Rockefeller Group’s New Jersey/Pennsylvania region.

Industrial vacancies in New Jersey declined to 3% during the second quarter, and compressed even further to 2.1% for the 287/Edison New Jersey Turnpike Exit 10 submarket. As a result, “There continues to be scarcity of sizable assets greater than 700,000 square feet in the marketplace, especially along the New Jersey Turnpike corridor,” said CBRE vice chairman Thomas F. Monahan.

Monahan will handle leasing, along with CBRE’s Stephen D’Amato and Larry Schiffenhaus.

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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 GlobeSt.com 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).
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