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Industrial
Outsized impact: New Jersey warehouses support 1.35 million jobs, $113 billion in personal income, study finds

Warehouses and distribution centers in New Jersey are home to more than 760,000 on-site employees and support more than 1.35 million jobs overall, according to a newly released report, highlighting the vital role that the facilities play in the state’s economy.

Industrial
C&W: Alexander Properties sells Mahwah, Fairfield industrial portfolio to Faropoint

Alexander Properties has sold a nearly 124,000-square-foot industrial portfolio in northern New Jersey to Faropoint, the fast-growing real estate investment manager based in Hoboken.

Professional Services
Violet PR welcomes Johnson as account director to lead U.S. campaigns

Violet PR has bolstered its Montclair-based team with the addition of veteran strategist Dan Johnson as an account director.

Finance & Capital Markets
JLL: Bridge Industrial snags $27 million bridge loan for new Piscataway warehouse

Bridge Industrial has secured $27.1 million in bridge financing for a nearly 148,000-square-foot warehouse in Piscataway, in a newly announced deal by JLL.

Government & Public Policy
EDA backs Liberty Science Center refresh, expansion with $40 million tax credit award

State officials have pledged their support to a planned expansion of the Liberty Science Center in Jersey City — including more than 100,000 square feet of new outdoor exhibition space — under a $40 million project that would also refresh the museum’s indoor offerings.

Retail
RIPCO: Boot Barn set to debut three New Jersey stores by year-end, inks lease for another

Boot Barn is ramping up its expansion in New Jersey, announcing new store openings in Bridgewater, Totowa and Jersey City and a new lease signing for a future site in Edison.

Industrial
NAI Mertz closes sale of 106,000 sq. ft. Mount Laurel industrial building

A private business has purchased a 106,000-square-foot industrial property in Mount Laurel, paying an undisclosed price in a deal arranged by NAI Mertz.

Office
Nessel inks new lease, expansion to nearly fill Mount Laurel office complex, WCRE says

Nessel Development has all but filled a Mount Laurel office portfolio after a new lease and an expansion by an existing tenant, in a set of deals arranged by Wolf Commercial Real Estate.

Government & Public Policy
Morristown’s Mayo PAC poised for $65 million expansion, update with new state tax credit

The acclaimed Mayo Performing Arts Center in Morristown is set to begin a major expansion and renovation after securing a $65 million tax credit award under a new state program.

Industrial
CBRE: Genesis buys South Brunswick industrial outdoor storage parcel for $5.7 million

Investment group Genesis has picked up another industrial outdoor storage property in New Jersey, buying a five-acre site in South Brunswick’s Dayton section for $5.7 million.