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
NAIDB completes $10.5 million sale of Piscataway industrial building

A forklift dealer is expanding to Piscataway after acquiring a more than 41,000-square-foot facility just south of Interstate 287, brokers with NAI DiLeo-Bram & Co. said Wednesday.

Professional Services
PREMIER Design + Build Group picks Morristown as new eastern region headquarters

PREMIER Design + Build Group has moved its East Coast headquarters to Morristown, a location that it says will help attract talent and position it for future growth in the region.

Industrial
Realterm lands tenant for 8.3-acre, 58-door truck terminal in Woodbridge, Blau & Berg says

Realterm has secured a long-term lease for the site of a 58-door truck terminal in Woodbridge, brokers with The Blau & Berg Co. announced Tuesday.

Industrial
Ridgecut Road expands IOS holdings with 8-acre site in South Plainfield

Ridgecut Road has acquired a nearly eight-acre industrial outdoor storage property in South Plainfield, in a deal arranged by NAI James E. Hanson.

Events
NAIOP New Jersey unveils three Deal of the Year winners, plus finalists for office category

NAIOP New Jersey has announced three Deal of the Year winners ahead of its popular spring gala, with plans to reveal a fourth to the hundreds who will be on hand for the May 14 event.

Industrial
Eight-acre low-coverage industrial site in Somerville trades for $14.8 million, BCREG says

Private investors have acquired an eight-acre low-coverage industrial property in Somerville for nearly $14.8 million, in a deal arranged by The Boniakowski Commercial Real Estate Group.

Professional Services
Newmark Associates bolsters brokerage team, adds Papasso as senior vice president

Newmark Associates has welcomed veteran broker Fred Papasso as a senior vice president and member of its leadership team.

Industrial
Hertz signs new lease for 10.4-acre industrial parcel in Newark, Blau & Berg says

Hertz Corp. has signed a new lease in Newark at a site that serves as a key location for its car and box truck rental services, brokers with The Blau & Berg Co. announced this week.

Industrial
New Jersey industrial leasing jumps in Q1 as top-tier tenants return (in search of top-tier space)

Blue-chip tenants are coming back to New Jersey’s industrial market, boosting lease activity to start the year as occupiers search for higher-end warehouse and logistics space.

Industrial
Denholtz cracks top 10 in national small-bay industrial ranking

Denholtz, the Red Bank-based investment manager, is gaining notice for its growing portfolio of small-bay industrial space.