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
RRNNJ: Pine Brook, Morris Plains industrial deals among latest signs of demand for infill, accessible spaces

The owner of a Morris County industrial building has filled more than 23,000 square feet, highlighting the appeal of specialized assets and the increasingly tight market for the region’s smaller, infill spaces.

Industrial
Faropoint acquires 30,000 sq. ft. light industrial building to grow Morris County footprint

Faropoint has closed on a deal for more than 30,000 square feet of light industrial space in Lincoln Park, adding to its recent flurry of acquisitions in Morris County.

Government & Public Policy
Data centers: Sherrill eyes plan to manage energy costs, community concerns while promoting AI growth

Gov. Mikie Sherrill is taking steps to manage the impact of new data center development in New Jersey, announcing a plan to establish guardrails while still allowing the state to benefit from innovations in artificial intelligence.

Events
See photos from NAIOP NJ gala as sold-out crowd celebrates Deals of the Year, industry leaders

NAIOP New Jersey’s annual Commercial Real Estate Awards Gala drew a sold-out crowd last week for a night of networking and a showcase of the industry’s best and brightest.

Photos
PHOTOS: NAIOP’s I.CON East draws 1,000+ commercial real estate leaders to Jersey City

New Jersey’s commercial real estate sector was well-represented this week at I.CON East, NAIOP’s annual must-attend conference on the warehouse and logistics sector.

Industrial
Bineth expands self-storage portfolio with projects in Elizabeth, Pennsauken and Buffalo

Developer Chananya Bineth and his teams at Bineth Group and Upper Space Group have added two new self-storage facilities in New Jersey and another in Buffalo, New York.

Industrial
CBRE: Dover industrial user unveils facility, sells adjacent development site for $6.9 million

A distributor of metal tubes and pipes has sold a development site in Dover after completing its new headquarters facility on adjacent land, brokers with CBRE announced this week.

Industrial
Fire protection firm sells South Plainfield industrial portfolio for $4 million, NAIDB says

A private investor has expanded its holdings in South Plainfield, adding more than 12,000 square feet of industrial space in a portfolio sale arranged by NAI DiLeo-Bram & Co.

Technology
AI startup Osmo unveils Elizabeth manufacturing space, headquarters for pioneering ‘digital scent design’ technology

A startup has opened its new headquarters and production site in Elizabeth, where it will hone a technology that uses artificial intelligence to create and detect smells.

Finance & Capital Markets
Owner of 500,000 sq. ft. Middlesex industrial building lands $50 million B-note, Wilcox says

A big-box warehouse owner in Middlesex County has secured a $50 million loan for the property, in a newly announced deal by G.S. Wilcox & Co.