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.

Events
Join us Dec. 9 for The State of Redevelopment: Multifamily and Mixed-Use

Hear the latest in development, tenant demand and other trends in warehouse and logistics space.

Industrial
CBRE: Morganville industrial site with 21,000 sq. ft. building trades for $6.9 million

A private investment firm has purchased a 21,000-square-foot industrial building on 4.8 acres in Marlboro for $6.9 million, brokers CBRE announced Wednesday.

Industrial
Industrial market finds balance in Q3 as leasing surges, construction slows in New Jersey

Industrial vacancy in New Jersey declined in the third quarter, as landlords enjoyed strong leasing momentum and a much-needed slowdown in new building deliveries.

Industrial
Terreno sells 603,000 sq. ft. South Brunswick warehouse for $144 million

Terreno Realty Corp. has sold a 603,000-square-foot industrial property in South Brunswick for more than $144 million, the real estate investment trust announced Tuesday.

Industrial
Turnbridge buys 143,000 sq. ft. South Brunswick warehouse for $24 million, eyes value-add plan

Turnbridge Equities has acquired more than 143,000 square feet of warehouse space in South Brunswick that it now plans to update with a roughly $4 million renovation.

Finance & Capital Markets
PCCP, Stonemont snag $65 million bridge loan for new 296,000 sq. ft. warehouse in Passaic

The developers of nearly 296,000 square feet of new industrial space in Passaic have secured a $65.4 million bridge loan for the project, brokers with JLL announced Monday.

Industrial
Sheldon Gross: Business owner buys Hackettstown commercial building for $1.5 million

A local business has acquired a 14,000-square-foot commercial building in Hackettstown for $1.45 million, according to a broker with Sheldon Gross Realty.

Industrial
Tulfra unveils 797-unit Public Storage project in Jersey City

Tulfra Real Estate has taken the wraps off a new 797-unit self-storage facility in Jersey City, marking the first phase of a project at the edge of Liberty State Park.

Industrial
AY: Alcamo fills Lawrence warehouse after 111,000 sq. ft. lease with apparel company

A developer has landed a second tenant to bring nearly 262,000 square feet of new industrial space in Lawrence Township to full occupancy, brokers with Avison Young said Thursday.

Professional Services
RRNNJ marks 35 years of client partnerships, market leadership

Commercial real estate leaders came together last week as Resource Realty of Northern New Jersey celebrated its 35th anniversary and the clients that have helped it reach the milestone.