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Real Estate

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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