New Jersey industrial insight - Q2 2018

A total of 7.1 million square feet of leasing took place throughout the quarter as two leases over 500,000 square feet were signed. Most notably, Amazon signed a 1.0 million-square-foot build-to-suit at 1101 East Pearl St. in Burlington, which is being developed by Matrix Development Group. This will increase the e-commerce giant’s footprint to 10.8 million square feet in the state.

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