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JLL closed the sale of a 138,642-square-foot, Class A, frozen storage facility fully leased to Seafrigo Cold Storage at 900 Fairmount Ave. in Elizabeth in February 2022.

Report: NJ-NY ports market ranks among top 5 nationwide for rent growth

“The New York and New Jersey Port market has the lowest vacancy rates and one of the strongest year-over-year rent growth stories,” said JLL Capital Markets Managing Director Marc Duval in a statement. “It’s evident ... investors are chasing port locations and growth fundamentals. Due to transportation costs rising and the flight to core locations becoming more of a focus, investor demand for port assets is at an all-time high."

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Trichome Analytical earns NJ’s first adult-use testing license

Kristen Goedde, founder and COO of the accredited cannabis and hemp lab, said she was proud a small business like hers was the inaugural recipient. “My goal has always been to ensure that products are tested accurately, with consumer safety and transparency as the priorities,” she added. “This is a very important step in getting the industry to that point.”

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