Industrial

Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.

Industrial
Prologis promotes Harvey, Sutton to key roles on global, east region development teams

Prologis Inc. has announced two key promotions, appointing Travis Harvey as global head of development and Sheila Sutton as senior vice president and head of development management for its eastern region.

Industrial
NAI Hanson: Stone distributor buys Carlstadt warehouse in $9.1 million deal with Venture One

Venture One Real Estate has sold a more than 30,000-square-foot industrial building in Carlstadt for $9.1 million, brokers with NAI James E. Hanson announced Tuesday.

Industrial
Amazing Savings takes 173,000 sq. ft. at new Mine Hill warehouse in deal arranged by RRNNJ, Lee & Associates

Discount chain Amazing Savings has found a new logistics hub in New Jersey, leasing more than 173,000 square feet of industrial space in Mine Hill under a deal with Brookfield Properties.

Industrial
Ridgecut Road acquires five-acre IOS site in Union, taps BRC as leasing team

Ridgecut Road has acquired a nearly five-acre industrial outdoor storage property in Union Township that it’s now marketing to prospective tenants.

Health Care
C&W: Investor buys 28,000 sq. ft. industrial, lab facility in East Windsor for $4.8 million

A biotechnology firm has sold a vacant industrial and laboratory property in East Windsor for $4.75 million, brokers with Cushman & Wakefield announced Friday.

Industrial
NAI Hanson: Leonia gymnastics, cheerleading center leases 20,000 sq. ft. for new facility

A youth gymnastics facility in Leonia is moving after securing a new location at a neighboring building in the borough, according to a leasing team with NAI James E. Hanson.

Industrial
Dermody touts expansion with ecommerce firm, new lease with 3PL in Carneys Point

Dermody has inked two significant leases at a South Jersey industrial park, including an expansion by an ecommerce brand and a new commitment by a third-party logistics firm.

Featured
Blau & Berg mourns loss of Christian Walsifer, deeply respected broker with ‘quiet strength and calm demeanor’

The Blau & Berg Co. is remembering Christian Walsifer, a longtime and highly respected broker with its Short Hills-based team, who died last week at age 48.

Industrial
Jadian grabs 5.2-acre Somerset property in latest New Jersey industrial outdoor storage deal

Jadian has secured another industrial outdoor storage property in New Jersey, acquiring a 5.2-acre site in Franklin Township under a deal arranged by CBRE.

Deals
Kislak: Freehold retail, warehouse property sells for $5.8 million in 1031 exchange deal

A private investor has purchased a nearly 26,000-square-foot retail and warehouse property in Freehold for $5.8 million, according to a brokerage team with The Kislak Co. Inc.