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
Greek teams with Hampshire, Principal for 281,000 sq. ft. warehouse project in Parsippany

A joint venture is set to break ground on more than 281,000 square feet of new industrial space in Parsippany, in a project that will revitalize another former office property in the township.

Finance & Capital Markets
Deugen inks $31 million loan with Axonic for office-to-industrial project in Parsippany

Deugen Development has landed nearly $31 million in financing to acquire and raze an aging office building in Parsippany that it plans to redevelop as a 340,000-square-foot warehouse.

Industrial
C&W: Investor grabs 32,000 sq. ft. South Plainfield industrial building for $3.8 million

The site of a nearly 32,000-square-foot former GE Healthcare facility in South Plainfield has traded for $3.8 million, brokers with Cushman & Wakefield announced Wednesday.

Industrial
RRNNJ: Fairfield industrial building fully leased after deals with floral supplier, construction firm

The owner of a Fairfield industrial building has secured two new leases, filling more than 20,000 square feet in a set of deals arranged by Resource Realty of Northern New Jersey.

Industrial
Food manufacturer, distributor buys 6,000 sq. ft. Middlesex facility for $3.2 million, BRC says

A food production facility in Middlesex Borough has changed hands for $3.2 million, providing what brokers say is a turnkey commercial kitchen for its new owner.

Industrial
STRO, KRE detail latest acquisition and value-add plan for Elmwood Park industrial portfolio

The STRO Cos. and KRE Group have joined forces for another deal, acquiring a vacant three-building industrial complex in Elmwood Park that they now plan to reposition.

Industrial
NAIDB: Magni, material handling equipment supplier, sells Kenilworth facility for $13 million

An industrial user has sold and leased back a portion of a nearly 27,000-square-foot facility in Kenilworth, reaping more than $13 million in a deal arranged by NAI DiLeo-Bram & Co.

Deals
Dental restoration lab inks 10-year lease for 22,000 sq. ft. Piscataway facility, Deluccia says

A dental laboratory has secured a new facility after taking 22,000 square feet of commercial space in Piscataway, according to brokers with Deluccia Commercial Group.

Industrial
NAIDB: Magni, material handling equipment supplier, sells Kenilworth facility for $13 million

An industrial user has sold and leased back a portion of a nearly 27,000-square-foot facility in Kenilworth, reaping more than $13 million in a deal arranged by NAI DiLeo-Bram & Co.

Industrial
NAI Hanson: New Jersey Fire Equipment buys Hackensack industrial building for $1.48 million

A supplier of firefighting equipment is moving to Hackensack after buying a 6,000-square-foot industrial building just off Interstate 80, according to brokers with NAI James E. Hanson.