New Jersey has been a key market for Duke Realty’s growing national footprint, and Ben Rosen, vice president of leasing and development in the market, recently spoke with ROI-NJ about the company’s expansion in the state.
“To say we are one of the more active buyers and developers in New Jersey right now would be an understatement,” said Rosen. “We’re really active in terms of growth, and we’re focused on higher-quality properties.”
Just last year, Duke Realty acquired 3.1 million square feet of Class A industrial real estate plus two development sites. That means the company’s portfolio now includes 5.6 million square feet in New Jersey, with plans for additional growth.
“We have an insatiable appetite for more high-quality industrial real estate,” said Rosen. “We are now a pure-play industrial REIT and excited about the future. We have high confidence…especially in the high-barrier-to-entry markets such as New Jersey, Los Angeles, and South Florida.”
Rosen was also interviewed in a supplemental section of Crain’s New York Business where he talked about the thriving New Jersey industrial real estate market, development trends, and the role of e-commerce in driving growth.