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
JLL: Sitex sells newly renovated, 1.44-acre industrial outdoor storage portfolio in Moonachie

Sitex Group has sold two industrial outdoor storage properties in Moonachie to a joint venture of Sagard Real Estate and La Caisse, brokers with JLL announced this week.

Deals
Rutgers Junior Spirit Program takes 6,700 sq. ft. in New Brunswick, Sheldon Gross says

A youth dance team operated by Rutgers University has leased nearly 6,700 square feet at a New Brunswick commercial building, in a newly announced deal by Sheldon Gross Realty.

Industrial
Kurv acquires four-building, 256,000 sq. ft. industrial portfolio in Carlstadt, East Rutherford

Kurv Industrial has expanded its holdings in the Meadowlands with its purchase of a four-building portfolio comprising more than 256,000 square feet of warehouse space.

Industrial
Zimmel: Eight-building, 147,000 sq. ft. commercial portfolio in Clark changes hands

An investment group has acquired some 147,000 square feet of commercial space in Clark, seeking to reposition an eight-building portfolio that was anchored by L’Oréal.

Industrial
JLL: Ridgecut Road buys, lands financing for Edison industrial service property

Ridgecut Road has acquired a nearly six-acre industrial service facility in Edison for $24.5 million, securing the property and financing in transactions arranged by JLL.

Industrial
IDI breaks ground on 155,000 sq. ft. warehouse at former Piscataway office site

Construction is underway on a project that will bring more than 155,000 square feet of new industrial space to Piscataway while revitalizing a former office property.

Industrial
Saddleback touts 97,000 sq. ft. in leasing in latest North Jersey industrial deals

Demand is strong across Saddleback Real Estate Developers’ northern New Jersey industrial portfolio, fueling some 97,000 square feet in leasing activity in a series of recent transactions.

Industrial
Cervelli lists 30,000 sq. ft. Green Brook industrial building (with redevelopment potential)

The owner of a 30,000-square-foot industrial building in Somerset County has put the property on the market, in an offering by Cervelli Real Estate & Property Management.

Industrial
CBRE: Morgan Stanley sells fully leased 450,000 sq. ft. warehouse at Exit 8A

Morgan Stanley has sold a more than 450,000-square-foot industrial building in Monroe Township, in a newly announced deal by CBRE.

Finance & Capital Markets
Greek scores $46 million bridge loan for new 287,000 sq. ft. Philly industrial building

Greek Real Estate Partners has closed on a $46 million bridge loan for more than 287,000 square feet of newly completed industrial space in Philadelphia, the firm announced this week.