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
Schmidt Baking takes 20,000 sq. ft. in Newark industrial deal with Seagis, Blau & Berg says

Seagis Property Group has secured a new tenant in Newark, leasing nearly 20,000 square feet of industrial space to a division of America’s largest family-owned variety baker.

Industrial
Ambulance, emergency vehicle dealer expanding with 75,000 sq. ft. lease in Lakewood

Sudler Cos. has secured a full-building, 75,000-square-foot industrial lease in Lakewood with a seller and upfitter of emergency and specialty vehicles, brokers with Avison Young announced.

People
Ridgecut Road touts four new hires to support growing low-coverage industrial portfolio

Ridgecut Road is bolstering its team, announcing several new hires to support its growing portfolio of industrial outdoor storage and low-coverage assets in and around New Jersey.

Industrial
Investment firms trade 13,000 sq. ft. Metuchen industrial building in $3.5 million deal by BRC

60 Liberty St. in Metuchen — Courtesy: Bussel Realty Corp. By Joshua Burd An investment firm has acquired a nearly 13,000-square-foot industrial building in Metuchen for $3.5 million, according to a brokerage team with Bussel Realty Corp. The buyer, Sixty…

Industrial
Edison cabinet maker sells 4,000 sq. ft. industrial building on Route 1, NAIDB says

1251 Route 1 in Edison — Courtesy: NAI DiLeo-Bram & Co. By Joshua Burd A family-owned cabinet business has sold a 4,000-square-foot industrial building in Edison, in a newly announced deal by NAI DiLeo-Bram & Co. Marc L. Shein, an…

Deals
Clarion Partners, auto parts retailer ink 444,000 sq. ft. industrial lease in Cranbury

An auto parts retailer has taken more than 444,000 square feet of modern industrial space along the New Jersey Turnpike in Cranbury, in a deal arranged by The Blau & Berg Co. and JLL.

Deals
Denholtz inks 21,000 sq. ft. lease in first deal at new Bridgewater industrial building

Denholtz has delivered more than 73,000 square feet of new industrial space in Bridgewater, having already leased nearly a third of the building to a supermarket technology company.

Industrial
JLL: Provident Bank closes construction, bridge loan to Hillsborough self-storage developer

A developer has secured construction and bridge financing for a planned 709-unit self-storage facility in Somerset County, brokers with JLL announced Monday.

Top News
Developer eyes new 167,000 sq. ft. warehouse in Montville, NAI Hanson leasing team says

A developer has tapped NAI James E. Hanson as its leasing team for a project that would bring nearly 167,000 square feet of new industrial space to Montville.

Policy Page
Turning early optimism into action

Gov. Mikie Sherrill took office with a clear mandate from New Jersey voters: make the state more affordable, more efficient and more competitive. For the commercial real estate (CRE) industry, that message matters because growth does not happen in a vacuum. It relies heavily on public policy that allows projects to move forward, capital to be deployed with confidence and employers to expand in places where workers can live, commute and thrive.