Mercer County Praised For Industrial Economic Development

Mercer County and its Trenton/295 and Princeton corridors are experiencing a strong uptick in industrial real estate activity, according to research recently conducted by the Real Estate investment company CBRE.

CBRE examined the third quarter of 2016, and mentioned that Central New Jersey’s availability dropped below 7 percent for the first time since 2005. It says relatively low lease rates and accessibility to the New Jersey Turnpike make these areas the next best option for occupiers.

“Over the last several years, we have noticed significant warehouse and distribution projects that have opened their facilities here in Mercer County and have employed thousands of our residents,” Mercer County Executive Brian M. Hughes said. “Based on this current data, we feel very confident that this growth in our region will continue to be robust.”

CBRE sites specific projects such as FedEx in Hamilton and Aurobindo USA in East Windsor.

FedEx is building a 343,000-square-foot facility along Route 130 South across from the Shoppes at Hamilton, while Aurobindo USA broke ground in August on a new 567,000-square-foot headquarters facility.

Aurobindo, a pharmaceutical company based in India, and FedEx each are projected to generate more than 400 new jobs when up and running.