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.

Photos
SLIDESHOW: Profeta Real Estate Center at NJIT launch event

Many of the state’s leading developers and service providers descended on New Jersey Institute of Technology’s Newark campus last week, joining administrators, faculty and students for the launch of the Profeta Real Estate Technology, Design and Innovation Center.

Industrial
Woodmont, Sagard eye Q1 2027 delivery of 277,000 sq. ft. logistics campus in Rahway

Woodmont Industrial Partners and Sagard Real Estate have broken ground in Rahway on what will be some 277,000 square feet of modern logistics space across two new buildings.

Industrial
Boniakowski: Electrical supply business buys Princeton commercial buildings for $1.9 million

An electrical supply company has acquired two adjacent buildings in Princeton for a combined $1.9 million, in a set of deals arranged by The Boniakowski Commercial Real Estate Group.

Community
Oates, Frassetto named co-chairs of Hope for Children Research Foundation advisory board

The Hope for Children Research Foundation has tapped an esteemed New Jersey real estate executive and a New York Giants legend to lead its executive board of advisers.

Government & Public Policy
Beating the clock: Rooftop solar developers, landlords race to lock in projects as federal tax credit nears sunset

A key federal incentive for solar projects is due to expire in just over a week, a change that will have major cost implications for an asset class that has become a growing source of revenue for commercial real estate landlords in New Jersey.

Industrial
Terreno inks 92,000 sq. ft. lease in Kearny with undisclosed 3PL firm

Terreno Realty Corp. has filled 92,000 square feet of industrial space in Kearny after securing a lease with a third-party logistics provider, the company announced this week.

Finance & Capital Markets
Basis Industrial lands $24 million construction loan for long-awaited Wayne self-storage project

A developer has closed on a $24 million construction loan for a project that will bring a new 586-unit self-storage facility to Wayne, the firm announced last week.

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.