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.

Editor’s Note
Breaking the mold

As you’ll read in this months cover story, a company known as Osmo has filled and activated nearly 60,000 square feet of new warehouse space in Elizabeth, unveiling a cutting-edge headquarters and production hub. The so-called digital scent company, which uses artificial intelligence to create custom fragrances, debuted the space in mid-May after what was an exhaustive but fast-paced search that wound up just south of Port Newark-Elizabeth. That involved several top players in New Jersey commercial real estate, including developers Kurv Industrial and Elberon Development Group. It also involved a skilled design team that helped with the facility’s highly specialized infrastructure, supporting the arrival of a business that has public officials understandably excited.

Industrial
Prologis eyes early 2027 delivery for new 379,000 sq. ft. Bergen County warehouse

Prologis Inc. has broken ground on a 379,000-square-foot logistics facility in Maywood, expanding a footprint that already includes more than 100 properties in northern New Jersey.

Industrial
HABR Brokerage fills 118,000 sq. ft. industrial sublease in South Plainfield, BRC says

A logistics and warehouse solutions provider has secured new space just off Interstate 287, inking a sublease in South Plainfield as part of a newly announced deal by Bussel Realty Corp.

Photos
SLIDESHOW: Profeta Real Estate Center at NJIT launch event

Many of the state’s leading developers and service providers descended on New Jersey Institute of Technology’s Newark campus last week, joining administrators, faculty and students for the launch of the Profeta Real Estate Technology, Design and Innovation Center.

Industrial
Woodmont, Sagard eye Q1 2027 delivery of 277,000 sq. ft. logistics campus in Rahway

Woodmont Industrial Partners and Sagard Real Estate have broken ground in Rahway on what will be some 277,000 square feet of modern logistics space across two new buildings.

Industrial
Boniakowski: Electrical supply business buys Princeton commercial buildings for $1.9 million

An electrical supply company has acquired two adjacent buildings in Princeton for a combined $1.9 million, in a set of deals arranged by The Boniakowski Commercial Real Estate Group.

Community
Oates, Frassetto named co-chairs of Hope for Children Research Foundation advisory board

The Hope for Children Research Foundation has tapped an esteemed New Jersey real estate executive and a New York Giants legend to lead its executive board of advisers.

Government & Public Policy
Beating the clock: Rooftop solar developers, landlords race to lock in projects as federal tax credit nears sunset

A key federal incentive for solar projects is due to expire in just over a week, a change that will have major cost implications for an asset class that has become a growing source of revenue for commercial real estate landlords in New Jersey.

Industrial
Terreno inks 92,000 sq. ft. lease in Kearny with undisclosed 3PL firm

Terreno Realty Corp. has filled 92,000 square feet of industrial space in Kearny after securing a lease with a third-party logistics provider, the company announced this week.

Finance & Capital Markets
Basis Industrial lands $24 million construction loan for long-awaited Wayne self-storage project

A developer has closed on a $24 million construction loan for a project that will bring a new 586-unit self-storage facility to Wayne, the firm announced last week.