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
Zimmel: Eight-building, 147,000 sq. ft. commercial portfolio in Clark changes hands

An investment group has acquired some 147,000 square feet of commercial space in Clark, seeking to reposition an eight-building portfolio that was anchored by L’Oréal.

Industrial
JLL: Ridgecut Road buys, lands financing for Edison industrial service property

Ridgecut Road has acquired a nearly six-acre industrial service facility in Edison for $24.5 million, securing the property and financing in transactions arranged by JLL.

Industrial
IDI breaks ground on 155,000 sq. ft. warehouse at former Piscataway office site

Construction is underway on a project that will bring more than 155,000 square feet of new industrial space to Piscataway while revitalizing a former office property.

Industrial
Saddleback touts 97,000 sq. ft. in leasing in latest North Jersey industrial deals

Demand is strong across Saddleback Real Estate Developers’ northern New Jersey industrial portfolio, fueling some 97,000 square feet in leasing activity in a series of recent transactions.

Industrial
Cervelli lists 30,000 sq. ft. Green Brook industrial building (with redevelopment potential)

The owner of a 30,000-square-foot industrial building in Somerset County has put the property on the market, in an offering by Cervelli Real Estate & Property Management.

Industrial
CBRE: Morgan Stanley sells fully leased 450,000 sq. ft. warehouse at Exit 8A

Morgan Stanley has sold a more than 450,000-square-foot industrial building in Monroe Township, in a newly announced deal by CBRE.

Finance & Capital Markets
Greek scores $46 million bridge loan for new 287,000 sq. ft. Philly industrial building

Greek Real Estate Partners has closed on a $46 million bridge loan for more than 287,000 square feet of newly completed industrial space in Philadelphia, the firm announced this week.

Industrial
Trade association for electricians extends 5,000 sq. ft. lease in Somerset, Sheldon Gross says

A trade group has extended its lease for a key training facility in the Somerset section of Franklin, brokers with Sheldon Gross Realty announced Wednesday.

Industrial
Kadima taps Gerszberg to lead newly launched industrial outdoor storage platform

Kadima Industrial Partners is leaning into the industrial outdoor storage sector with a new dedicated platform and the addition of Eitan Gerszberg as director of IOS acquisitions.

Industrial
Randolph, Flanders industrial buildings see 15,000 sq. ft. in leasing activity, RRNNJ says

An industrial user has taken 7,800 square feet at a recently updated building in Randolph, in the largest of three newly announced deals by Resource Realty of Northern New Jersey.