![]() Morning Call reporter Jon Harris can be reached at 48 or at. PGIM Real Estate said it now owns about 120 million square feet of industrial space globally, including 58 million square feet in the United States. “Frontier markets have more developable land, lower costs and more favorable labor market conditions, creating hospitable conditions for tenants looking for growth opportunities at lower costs,” CBRE’s report said. In a market report Thursday, CBRE pointed to the Phillipsburg area and Luzerne County as “frontier markets,” places where industrial activity has picked up recently because of persistently low vacancy rates in areas such as northern New Jersey and the Lehigh Valley. ![]() That report showed the vacancy rate in Lehigh County, for example, hit just 2.8%. News of the transaction, which Warren County deeds indicate closed in August, comes after a third-quarter report from commercial real estate services firm CBRE that showed demand for industrial buildings through the Interstate 78-Interstate 81 corridor is outpacing last year, even amid a pandemic that has stalled momentum in almost every other commercial real estate sector.Īnd that demand is mostly coming from third-party logistics providers and e-commerce fulfillment operations, racing to secure more space to keep up with a surge in online shopping. “Bridge Point 78 Phase I has been a successful project that has had a tremendous impact on the communities of both Phillipsburg and Lopatcong, and helped establish this rural area of New Jersey as a new hub for warehousing and distribution,” said Jeff Milanaik, partner of Bridge’s Northeast region. Scheele, please visit our floral store.When complete, Bridge Point 78 will include six buildings totaling 3.85 million square feet. Anyone who wishes may make a donation in her memory to St Jude’s Hospital at or Shriners Hospitals at at Saint Mary Church (Precious Blood Parish), 70 Gulf Street, Milford, CT. A Mass of Christian Burial will be celebrated on Wednesday, Maat 11:00 a.m. ![]() at the CODY-WHITE FUNERAL HOME, 107 BROAD STREET, MILFORD, CT 06460. She was deeply loved and will be dearly missed by everyone who had the pleasure of calling her family or friend.įamily and friends may gather on Tuesday, Februfrom 4:00 p.m. She is also survived by her beloved grandchildren Dakota, Carmen, Marissa and Alex, who were the light of her world. She is survived by her daughters, Diana Firenze and husband Scott of Marlow, NH and Allison Lorenzo and husband Phil of Milford, CT. She was predeceased in 2000 by her husband of 43 years, Fred Scheele and in 2001 by her brother John Stubbs. She was a devout Catholic and her faith was extremely important to her. She loved to play mahjong, bridge, Sudoku and jigsaw puzzles on her iPad. Lorraine was an amazing cook, baker and excelled at needlework, crocheting and sewing. ![]() She held many volunteer positions throughout her lifetime Girl Scout Leader, PTA President, Northvale Library Trustee, Secretary of Northvale Golden Age Club, and Board Secretary of Foxhill Manor Condo Association and was very active in the Fort Comfort Yacht Club. Lamach chief executive officer, succeeding longtime chief Herbert. She worked for Ebasco Company in New York City as an Administrative Secretary and later at Lipton Tea/ Unilever as a Media Specialist and Ingersoll Rand as an Administrative Assistant. Perone/The Star-Ledger Ingersoll-Rand plc of Irelend elected Michael W. After graduating from Dwight Morrow High School, she attended and graduated from Katherine Gibbs Secretarial School. She was born on in Jersey City to Walter and Agnes Stubbs. Scheele (nee Stubbs) of Milford, CT, formerly of Northvale and Norwood NJ, passed away on February 22, surrounded by her loving family after a short illness.
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