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.

Blau & Berg: Developer eyes 750,000 sq. ft. logistics park after assembling Woodbridge site

A developer has assembled some 38 acres in Woodbridge that could house nearly 750,000 square feet of new industrial space, following a series of deals by The Blau & Berg Co.

STRO, KRE ink $60 million refi of new 205,000 sq. ft. Woodland Park industrial building

The STRO Cos. and Kushner Real Estate Group have secured $60 million to refinance a new 205,000-square-foot industrial development in Woodland Park.

Specialty foods distributor inks 5,000 sq. ft. industrial lease in Somerset, BRC says

A food distributor has taken 5,000 square feet of industrial space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Penwood adds 110,000 sq. ft. Meadowlands industrial property, in Chaus-brokered deal

An investment manager has acquired a nearly 110,000-square-foot industrial building in the Meadowlands, in a recent transaction by Chaus Realty.

C&W inks trade of 73,000 sq. ft. industrial portfolio, storage lot in Linden

A logistics firm has purchased two industrial buildings and an adjacent outdoor storage lot in Linden for an undisclosed price, according to brokers with Cushman & Wakefield.

Building up: The future of warehouse design in urban markets

The ever-growing demand and need for prompt fulfilment is forcing businesses and developers to react to the market with more warehouse space that is closer to the consumer. When development footprint in the middle of major U.S. cities is high in price and in low supply, you must build up, not out — this has been the answer in the commercial and residential markets for decades.

Inspection technology firm takes 22,000 sq. ft. in Mount Laurel, Vantage Commercial says

A pharmaceutical inspection company has leased nearly 22,000 square feet of industrial flex space in Mount Laurel, in a newly announced deal by Vantage Commercial.

Faropoint lands new credit facility for a combined $1.6 billion over 14 months

Investment manager Faropoint has secured a new credit facility to support its growing industrial portfolio, in the latest piece of some $1.6 billion in funding that it has closed since last summer.

Investor sells 276,000 sq. ft. warehouse at Exit 7 for $60 million, Newmark says

An industrial owner has sold a warehouse property in Bordentown for $60 million, in a deal by Newmark that comes five years after the asset last changed hands.

Marcus Partners adds 200,000 sq. ft. with purchase of South Plainfield warehouse site

Boston-based Marcus Partners has acquired a two-building, 200,000-square-foot warehouse property on 17 acres in South Plainfield.