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.

Editor’s Note
Shifting gears

Camden city officials are now focusing on quality-of-life improvements that they feel will help draw new residents, following decades of population declines and years of corporate and institutional projects spurred by lucrative, often-controversial tax breaks from the state,

Industrial
Saxum boosts industrial platform with new director of investments

Saxum Real Estate has welcomed a new director of investments for its industrial platform, tapping a veteran executive to spearhead its growth in the asset class.

Industrial
Walls tilted at site of 702,000 sq. ft. logistics center in Palmyra, brokers say

A development team is eyeing a September delivery for more than 700,000 square feet of new industrial space in Burlington County, the project’s leasing team announced Monday.

Government & Public Policy
Mandelbaum Barrett attorney lands site plan approval for projects in Essex, Passaic counties

A plan to build a new YMCA campus in Livingston is moving ahead after recently landing a key local approval, according to an attorney with Mandelbaum Barrett PC.

Industrial
Foundation work underway at 333,000 sq. ft. spec warehouse in Bayonne, LEG says

Lincoln Equities Group has broken ground on more than 330,000 square feet of speculative warehouse space in Bayonne, in the final piece of a highly touted 153-acre industrial park.

Industrial
Denholtz adds 54,000 sq. ft. Charlotte property under new JV for industrial deals

Denholtz Properties has acquired a nearly 54,000-square-foot building in Charlotte, marking its first deal under a newly formed, $1 billion joint venture for industrial properties.

Professional Services
CBRE names market leader for Central Jersey

CBRE has announced a new market leader for its central New Jersey operations, elevating a key longtime member of its sales and research teams in the region.

Industrial
Joint venture eyes 1.7 million sq. ft. logistics park after buying 282 acres in Salem County

CT Realty and PGIM Real Estate have acquired 282 acres in Salem County for a plan to develop a two-building, 1.7 million-square-foot industrial park at the Delaware Memorial Bridge.

Industrial
Woodmont, Jingoli launch construction of 152,000 sq. ft. South Amboy industrial project

A joint venture has broken ground on a project that will bring more than 150,000 square feet of new high-end industrial space to a former brownfield site in South Amboy.

Industrial
Duke, JD.com ink 217,000 sq. ft. lease for spec warehouse in Piscataway

Duke Realty Corp. has leased nearly 217,000 square feet to JD.com, China’s largest direct online retailer, filling a speculative industrial building under construction in Piscataway.