NJ Industrial, Retail Deals Booming as Office Market FlatlinesJune 24, 2013 – In The News
Robert Klausner was quoted in the Law360 article "NJ Industrial, Retail Deals Booming as Office Market Flatlines." While the full text can be found in the June 24, 2013, issue of Law360, a synopsis is noted below.
Investments in industrial and retail properties in New Jersey are increasing as the state’s office market lags. Real estate players are looking to take advantage of well-located property and capitalize on an expected rise in transit-oriented business.
With rising job numbers, low interest rates and several major infrastructure projects approaching completion in the state, New Jersey’s Port Newark and the surrounding area have become prime real estate for industrial and retail investors.
“New Jersey is the perfect location for [shipment] up and down the East Coast; that’s what made Exit 8A and the port in the Newark area very hot from an industrial standpoint, “said Robert Klausner. “With industrial, more than anything its location, location, location."