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
CrownPoint breaks ground on 106,000 sq. ft. self-storage project in Central Jersey

CrownPoint Group Inc. is bringing a new self-storage facility to Middlesex County, seeking to leverage the region’s fast-growing housing stock as it expands its footprint in the asset class.

Finance & Capital Markets
WPT scores acquisition loan for two-building, 603,000 sq. ft. warehouse complex at Exit 8A

WPT Capital Advisors has secured acquisition financing for more than 603,000 square feet of industrial space in Monroe Township, brokers with JLL announced last week.

Industrial
Alterra adds industrial outdoor storage in Wharton as part of 206,000 sq. ft. portfolio deal

An industrial outdoor storage property in Morris County has changed hands as part of a 10-state portfolio acquisition by Alterra IOS, an affiliate of the Philadelphia-based real estate firm.

Featured
New Brunswick-based DIGroup touts design work, completion of Philly transfer station

From left: Pictured at the City of Philadelphia Northwest Transfer Station are members of the DIGroup Architecture team: Paul Graebener, senior project manager; Swarupa Samant, principal; Vince Myers, president and cofounding principal; and Scott Hoffman, principal. — Courtesy: DIG By Joshua Burd DIGroup Architecture is marking the completion of a…

Industrial
Woodmont, Jingoli secure 96,000 sq. ft. lease at new South Amboy warehouse

A logistics firm has taken 96,000 square feet in South Amboy, filling more than half of a newly built warehouse facility by Woodmont Industrial Partners and Joseph Jingoli & Son. Inc.

Industrial
Rockefeller Group sells new 241,000 sq. ft. industrial building in Piscataway to Elion Partners

Rockefeller Group has sold a newly completed, 241,200-square-foot distribution center in Piscataway, the final piece of a redevelopment that yielded more than 2.5 million square feet of modern warehouse space over the course of a decade.

Industrial
STRO, KRE eye fall delivery for new 65,000 sq. ft. warehouse in Parsippany

STRO and KRE Group are set to begin construction on a new 65,000-square-foot industrial project that will bring new life to what was a vacant office property in Parsippany.

Professional Services
Blau & Berg taps Jason Crimmins as CEO, Conte as president with Ken Crimmins remaining as chairman

The Blau & Berg Co. has announced a new leadership team, with Jason Crimmins taking over as CEO and Alessandro Conte as president of the historic real estate services firm.

Industrial
Deugen, Devli lease Port Newark industrial site to major seafood company, AI Group says

A joint venture has landed a tenant for a nearly seven-acre industrial site in Newark’s port district, in a deal arranged by Advance Industrial Group and The Blau & Berg Co.

Industrial
Expansion by 3PL firm among newest Morris County industrial deals, RRNNJ says

A third-party logistics firm has expanded in Morris County by nearly 14,000 square feet, in the largest of several recent deals by Resource Realty of Northern New Jersey.