JLL, NAI Hanson Arrange Sale of Northern NJ IOS Portfolio
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
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JLL and NAI James E. Hanson arranged the $68.5-million sale of an industrial outdoor storage (IOS) portfolio located at 2120 McCarter Hwy. in Newark and 76 Central Ave. in Kearny, NJ. JLL also arranged $52.2 million i…
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