Duke Realty is betting on the state’s industrial real estate needs, announcing Monday that it is building a 193,805-square-foot property in Carlstadt/Wood-Ridge on spec.
The property, at 5 Ethel Blvd., will feature 36’ clear height, 61’ staging bays, 27 dock doors and more, the industrial real estate investment trust’s New Jersey office said in a prepared statement. The building is slated for delivery in February 2019.
“Industrial demand in northern New Jersey and the Meadowlands continues to be strong, as companies seek out distribution space in close proximity to the populous New York City metro area,” Ben Rosen, vice president of leasing and development for Duke in New Jersey, said in a prepared statement. “However, there are very few functional availabilities in the market, including in our own portfolio.
“With 5 Ethel Blvd., Duke Realty will be well-positioned to meet the needs of users looking for well-located, modern space on the doorstep of New York City.”