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
C&W: Developers buy Hamilton parcel slated for 420,000 sq. ft. industrial project

A joint venture has purchased more than 48 acres in Hamilton with approvals to build a new 420,000-square-foot industrial facility, brokers with Cushman & Wakefield announced.

Professional Services
LMC touts 1 million sq. ft. in 2023 deal volume amid retailer demand, reinvestment trend

Sustained demand for modernized, well-located retail space remains a driving force for Levin Management Corp., fueling more than 1 million square feet in deal volume last year across the firm’s portfolio of client properties.

Industrial
Blau & Berg helps logistics firm expand to Midwest with 197,000 sq. ft. deal with Prologis

A freight logistics company has leased nearly 200,000 square feet of industrial space outside Chicago, in a newly announced deal by The Blau & Berg Co.

Industrial
CBRE’s Dudley promoted to vice chairman, firm’s top rank for brokers

CBRE has promoted highly regarded industrial broker Kevin Dudley to vice chairman, the highest rank for advisory and transaction professionals within the company.

Industrial
NAI Hanson: Apparel, accessories business takes 4,000 sq. ft. at Dumont industrial building

An apparel and accessories company has leased 4,000 square feet of industrial space in the Bergen County borough of Dumont, according to a broker with NAI James E. Hanson.

Industrial
Liu joins Cushman industrial team in New Jersey, eyeing 3PL clients

Veteran industrial broker Jimo Liu has joined Cushman & Wakefield as an executive managing director with its New Jersey team.

Finance & Capital Markets
Seagis lands $122 million loan for three-state, 1.1 million sq. ft. industrial portfolio, JLL says

Seagis Property Group LP has snagged $122 million in financing in connection with more than 1 million square feet of industrial space in New Jersey, New York and Florida.

People
Bergman promotes Rand to chief investment officer

Bergman Real Estate Group has promoted Brian Rand to chief investment officer, announcing the move less than a year and a half after his arrival at the Woodbridge-based firm.

Events
NAIOP New Jersey to host annual meeting, commercial real estate outlook on Jan. 25

NAIOP New Jersey will welcome hundreds of industry leaders next week for its first event of the year, where experts will highlight economic trends and their impact on commercial real estate.

Government & Public Policy
Community solar program benefiting property owners, residents set to expand under new law

State officials are doubling down on a program that has brought solar panels to warehouses across New Jersey while creating low-cost clean energy for thousands of residents.