National Commercial Real Estate News From CoStar Group
Peapod, Imperial Bag & Paper Sign 740,000 SF in Two Leases
Two tenants leased a total of 740,000 square feet in the proposed Prologis Ports Jersey City industrial building at 219-295 Routes 1 & 9 in Jersey City, NJ. Peapod, an online grocer, leased 345,000 square feet at the building, while Imperial Bag & Paper, Co. took 395,000 square feet there.
Construction of the 878,564-square-foot industrial building is set to begin first quarter of next year. Completion is tentatively scheduled for early 2014....