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.

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.

Top News
Partnership (and friendship) in focus as NAIOP New Jersey honors industry leaders, deals of the year at annual gala

NAIOP New Jersey welcomed another sold-out crowd to The Palace at Somerset Park, honoring the industry’s top talent as part of its 39th annual Commercial Real Estate Awards Gala.

Industrial
BRC: Adler inks 6,300 sq. ft. lease in South Plainfield with specialty foods importer, distributor

An importer of specialty food products has leased nearly 6,300 square feet of industrial space in South Plainfield, in a newly announced deal by Bussel Realty Corp.

Industrial
LEG leases 44,000 sq. ft. in Rockland to national fire protection products maker, distributor

Lincoln Equities Group has filled 44,000 square feet of new industrial space in New York’s Rockland County, securing a lease with a national fire protection company.

Featured
Advance launches Bridgewater innovation campus with up to 1.1 million sq. ft. of ‘purpose-built’ R&D, advanced manufacturing space

Advance Realty Investors has unveiled plans to build up to 1.1 million square feet of new life science and advanced manufacturing space in Bridgewater, part of a campus that will have shared amenities to create what it’s touting as a cohesive, end-to-end ecosystem.

Industrial
CenterPoint sells 4.3-acre industrial service facility in Avenel to Jadian IOS, CBRE says

CenterPoint Properties has sold a 4.34‑acre industrial service property in the Avenel section of Woodbridge, brokers with CBRE announced Monday.

Industrial
Mapletree plans two-building, 953,000-square-foot logistics park after securing Manalapan site

Mapletree Investments has acquired some 97 acres in Monmouth County with plans to develop nearly 953,000 square feet of new industrial space across two buildings.

People
Smith, recent addition to NAI Hanson, joins firm’s Institutional Services Group as analyst

Russell “Pepe” Smith has joined the fast-growing Institutional Services Group at NAI James E. Hanson, the state’s largest locally based independent commercial real estate services firm.

Deals
Newmark: Goodman buys landmark Anheuser-Busch brewery site in Newark for $360 million

The now-shuttered Anheuser-Busch brewery at 200 Route 1 in Newark has been a fixture in the city for some 75 years. By Joshua Burd Anheuser-Busch has reaped $360 million from the sale of its iconic former brewery complex just west…