Goodman North America has recently finished constructing the Goodman Industrial Center Carlstadt II, a 100,000-square-foot logistics center located at 333 Washington Ave. in Carlstadt, NJ. This new development is significant as it adds to an industrial market where most of the existing buildings were built in the 1960s and 1970s, according to Goodman.
According to Anthony Rozic, CEO of Goodman North America: “The recent decrease in interest rates has sparked increased activity throughout the market. With consumer demand on the rise and recent resolution of Port strikes, speed is crucial for meeting this demand.” He also added that their location in Carlstadt strategically positions them to meet these demands.
Jeff Volpi from Cushman & Wakefield serves as listing broker for Carlstadt II’s supply chain and logistics division. According to him: “Customers are drawn towards newer Class A products like those offered by Goodman in North Jersey.” He further stated that there has been an increase in rents over the past year for premium products like this one despite high vacancy rates across North Jersey.
Overall, with its latest development project -Carlstadt II- ,Goodman brings top-notch Class A industrial facilities into play within New Jersey’s growing commercial real estate landscape.
