New Jersey’s Still Bullish on the Industrial Market

Brian T. Banaszynski of Heller Industrial Parks – was the right person to brief the Northern New Jersey Mastermind Group on the continuing growth of the state’s industrial market. With more than 26 years of experience in both private and public sectors of the real estate market, Mr. Banaszynski commands the helm of the 50-year-old industrial giant. After a brief overview of his company’s national presence in the market, he focused on the state of the industry in New Jersey, highlighting some of the trends heating up the market.
New Jersey’s strategic northeastern location, with close proximity to the NYC metro area, the newly dredged New York Harbor and the expanded Port of Newark positions the state to receive, store and distribute a significant range of physical products from across the globe. It is also the focus of much of the growth occurring in e-commerce. Not only are e-commerce marketers like Amazon planning to expand their operations in the state, but traditional retail players from Staples and Williams-Sonoma to Macy’s and J. Crew have increased their e-commerce presence significantly due to the public’s love of fast online purchases and delivery. A new and growing trend, particularly in high density population centers, can be found in the e-food commerce market. Brick and mortar operations like Walmart, Whole Foods, Peapod, Albertons, and others are selling their food products online and shipping to consumers via local e-distribution centers.