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.

Events
The road ahead for industrial: Join us Sept. 10 as we discuss the state of logistics, cold storage and more

Hear the latest in development, tenant demand and other trends in warehouse and logistics space.

Industrial
Crow Holdings eyes third Philly project after acquiring site for 104,000 sq. ft. warehouse

Crow Holdings Development has acquired a parcel in Philadelphia with full approvals in place for nearly 104,000 square feet of new high-end logistics space.

Finance & Capital Markets
Cooper Horowitz: Self-storage builder lands $14 million construction loan

The developer of a new self-storage facility in Mount Laurel has secured more than $14 million in construction financing, in a deal arranged by Cooper Horowitz.

Technology
JLL: Banking, AI fueling continued growth of New Jersey data center market, despite hurdles

Despite rising energy costs and major capacity shortfalls, New Jersey continues to draw interest as a destination for new data center development.

Government & Public Policy
Murphy supersizes New Jersey community solar program, signs law to add 3,000 megawatts

New Jersey’s pioneering community solar program is poised for a massive expansion under a bill signed into law Friday by Gov. Phil Murphy.

Industrial
Reports: Hampshire, Invesco sell Teterboro warehouse for $75 million in deal with Principal

Principal Real Estate Investors has acquired a more than 221,000-square-foot warehouse in Teterboro for nearly $75 million, according to published reports this week.

Industrial
NAIDB seeking investor, owner-user for 54,000 sq. ft. Middlesex industrial building

The owner of a 54,000-square-foot industrial building in Middlesex Borough has tapped NAI DiLeo-Bram & Co. to find a buyer for the property.

Featured
Going global: Inside the growth of Asian logistics firms in New Jersey’s industrial market

Asia-based third-party logistics firms have played an increasingly important role in New Jersey’s industrial sector, creating new demand and helping to fill excess inventory after a recent surge in speculative construction. How those firms will be impacted by outsized tariffs and the U.S. trade war with China remains to seen, but developers are optimistic about what is now an established class of tenants.

Deals
Automotive equipment firm buys 11,000 sq. ft. Middlesex facility, Boniakowski says

A supplier of automotive lift equipment has acquired an 11,000-square-foot building in Middlesex Borough, in a deal arranged by The Boniakowski Commercial Real Estate Group.

Editor’s Note
Right place, right time

As you’ll read in this month’s cover story, Asia-based third-party logistics firms have been critical for many Garden State landlords, creating new demand and helping to fill excess inventory after the recent development surge. A spike in 2024 — when the offshore firms accounted for some 42 percent of all Class A industrial leasing in the state — has given way to a more modest pace in 2025. Yet developers expect Asian 3PLs to continue to loom large going forward, even with the cloud of a trade war between the U.S. and China.