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
Cabinet business takes 13,000 sq. ft. in Piscataway industrial deal, BRC says

A cabinet company has leased nearly 13,000 square feet at a Piscataway industrial building, in a newly announced deal by Bussel Realty Corp.

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Real Estate NJ’s 2025 Market Forecast

Commercial real estate leaders have entered 2025 with varying levels of optimism. That’s evident from this year’s Real Estate NJ Market Forecast, where you’ll find everything from caution to confidence about how the sector will perform as it balances strong fundamentals in several key asset classes with new regulatory headwinds, nagging inflation and what seems to be a lingering lack of clarity over when lower interest rates will truly impact the industry.

You can read all about it in our 2025 Market Forecast, which features predictions and insights from some of the state’s leading voices in commercial real estate.

Professional Services
Cold storage expert Aschenbrand joins Newmark as executive managing director

Newmark has added Dave Aschenbrand as an executive managing director with its New Jersey team, in a move aimed at expanding its position in the growing cold storage segment.

Professional Services
NAI Hanson acquires The Garibaldi Group, NAI Summit to combine storied brokerage firms

NAI James E. Hanson has acquired The Garibaldi Group, bringing together two of New Jersey’s oldest and most recognizable brokerage and real estate services firms.

Industrial
PNK Holdings buys fully approved parcel for 281,000 sq. ft. warehouse in Hammonton

A developer is planning nearly 281,000 square feet of new warehouse space after acquiring 25 acres in Atlantic County, brokers with Lee & Associates of Eastern Pennsylvania LLC said.

People
Hanback named head of development at Rockefeller Group

Rockefeller Group has tapped Executive Vice President Brandi Hanback as the sole leader of its U.S. development platform and a pipeline that totals more than 17 million square feet.

Industrial
Camber adds Interlicchio, Lipka to strengthen acquisitions unit

Camber Real Estate Partners has bolstered its in-house acquisitions team with the addition of Kevin Interlicchio and Connor Lipka.

Industrial
Sagard Real Estate adds newly updated, 65,000 sq. ft. warehouse in South Brunswick

Sagard Real Estate has acquired a nearly 65,000-square-foot industrial building in South Brunswick, with plans to upgrade the property beyond a series of improvements completed just last year.

Industrial
NAI Hanson: New Jersey industrial vacancy still rising, but could moderate as construction slows in 2025

Industrial vacancy in northern New Jersey rose again in the fourth quarter, as new construction continues to weigh on the market alongside growing sublease space and other factors.

Industrial
Accordia expands to Charlotte with newly acquired, 36,000 sq. ft. light industrial building

Accordia has completed its first acquisition outside the Northeast with the addition of a nearly 36,000-square-foot, shallow-bay industrial building in Charlotte.