Terreno Realty Corp. has sold an 86,000-square-foot industrial building in the Somerset section of Franklin for $25 million, nearly tripling the price it paid for the property in 2016.
Wharton Industrial has acquired a nearly 190,000-square-foot warehouse in Camden County, in one of two newly announced deals by the real estate investment firm.
As one of America’s original 13 colonies, New Jersey has a rich and historic past. This includes former industrial properties or commerce centers in urban areas, more recently developed office parks in the suburbs and older office buildings — many of which largely stand empty — in central business districts. These vacant relics — together and individually — can be transformed into new, vibrant centers for live, work and play.
A uniform company has purchased a 207,000-square-foot industrial building in Hillside for $30 million, in a newly announced deal by Zimmel Associates.
Kokes Properties has completed a new 45,000-square-foot self-storage facility in the Whiting section of Manchester Township, the firm announced Tuesday.
An infusion of new self-storage space is coming to the New Jersey and New York region, where rents are rising amid a shrinking supply and other barriers to new development.
CenterPoint Properties has broken ground in Linden on a building that will house more than 320,000 square feet of new industrial space minutes from Port Newark-Elizabeth.
A transportation company has expanded its footprint with a new 72,000-square-foot industrial lease in North Bergen, in a deal arranged by Lee & Associates New Jersey.
The owner of three light industrial buildings in Piscataway has listed them for sale, with the potential to command some $36 million for the nearly 175,000-square-foot portfolio.