PHILADELPHIA. REMARKABLY WELL-CONNECTED.
The Philadelphia Market Office is responsible for Central New Jersey, Northern New Jersey and Eastern Pennsylvania. This office was established in 2005 and has a staff of four led by Frank Petkunas, a seven-year veteran of IDI.
The Central Pennsylvania market is the central hub for northeast logistics as it links major highway arteries including I-76, I-78, I-81 and I-83 to manufacturing and warehouse markets across the northeastern United States. Past and future growth rely on excellent highway networks, access to a motivated and educated labor pool and the region’s cost effectiveness compared to the neighboring markets of Central New Jersey, Northern New Jersey and Baltimore, Maryland.
CENTRAL NEW JERSEY. A NORTHEAST ALTERNATIVE.
Central New Jersey is a logistics hub for both inbound and outbound regional cargo transport. The market draws tenant demand as a lower cost alternative to neighboring Northern New Jersey while offering acceptable proximity to one-third of the U.S. population with 30 percent of its disposable wealth. Linking companies to customers is the area’s intricate web of highways, runways and ports, including: the New Jersey Turnpike, the fifth busiest highway in the country with access to key markets across the Northeast; the Port of New York/New Jersey, the largest port complex on the eastern seaboard, moving nearly $190 billion in cargo in 2008; and three airports that move 25 percent of all air cargo in the U.S. Fifteen of the world’s largest pharmaceutical companies are based in New Jersey along with the headquarters of 23 Fortune 500 companies.
NORTHERN NEW JERSEY. STRATEGICALLY POSITIONED.
The Northern New Jersey industrial market is characterized by its proximity to the densest population in the United States and its central location to major U.S. points of entry for both air and waterborne cargo. Newark Liberty International Airport in Northern New Jersey is ranked seventh among the nation's busiest airports and among the top 20 busiest airports in the world. Shipping is a strong industry in New Jersey because of the state's strategic location, -- the Port of New York and New Jersey the busiest on the East Coast.
2008 Top Young Developers Award – Dave Thomas, IDI Vice President of Development, Real Estate News Jersey magazine