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
Deugen flips Cranbury IOS site after securing key entitlements for 16-acre property

Deugen Investment Group has sold a 16.1-acre industrial outdoor storage property in Cranbury, inking the deal less than a year after acquiring it with an eye toward enhancing the site’s zoning.

Industrial
GSA sets Aug. 4 auction for 810,000 sq. ft. industrial complex in Somerville

The federal government is gearing up to sell more than 800,000 square feet of industrial space in Somerville as part of an upcoming auction by the U.S. General Services Administration.

Industrial
Greek teams with Hampshire, Principal for 281,000 sq. ft. warehouse project in Parsippany

A joint venture is set to break ground on more than 281,000 square feet of new industrial space in Parsippany, in a project that will revitalize another former office property in the township.

Finance & Capital Markets
Deugen inks $31 million loan with Axonic for office-to-industrial project in Parsippany

Deugen Development has landed nearly $31 million in financing to acquire and raze an aging office building in Parsippany that it plans to redevelop as a 340,000-square-foot warehouse.

Industrial
C&W: Investor grabs 32,000 sq. ft. South Plainfield industrial building for $3.8 million

The site of a nearly 32,000-square-foot former GE Healthcare facility in South Plainfield has traded for $3.8 million, brokers with Cushman & Wakefield announced Wednesday.

Industrial
RRNNJ: Fairfield industrial building fully leased after deals with floral supplier, construction firm

The owner of a Fairfield industrial building has secured two new leases, filling more than 20,000 square feet in a set of deals arranged by Resource Realty of Northern New Jersey.

Industrial
Food manufacturer, distributor buys 6,000 sq. ft. Middlesex facility for $3.2 million, BRC says

A food production facility in Middlesex Borough has changed hands for $3.2 million, providing what brokers say is a turnkey commercial kitchen for its new owner.

Industrial
STRO, KRE detail latest acquisition and value-add plan for Elmwood Park industrial portfolio

The STRO Cos. and KRE Group have joined forces for another deal, acquiring a vacant three-building industrial complex in Elmwood Park that they now plan to reposition.

Industrial
NAIDB: Magni, material handling equipment supplier, sells Kenilworth facility for $13 million

An industrial user has sold and leased back a portion of a nearly 27,000-square-foot facility in Kenilworth, reaping more than $13 million in a deal arranged by NAI DiLeo-Bram & Co.

Deals
Dental restoration lab inks 10-year lease for 22,000 sq. ft. Piscataway facility, Deluccia says

A dental laboratory has secured a new facility after taking 22,000 square feet of commercial space in Piscataway, according to brokers with Deluccia Commercial Group.