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
Lee & Associates: Water filtration company takes 16,000 sq. ft. in Whippany

A water technology company has leased 16,000 square feet of industrial space in the Whippany section of Hanover, according to a brokerage team with Lee & Associates New Jersey.

Professional Services
Sitar hires new sales associate focused on industrial, multifamily

Sitar Realty Co. has announced the addition of a sales associate to its Woodbridge-based team of brokerage professionals.

People
Rockefeller Group’s Leondi joins National Institute of Building Sciences as board member

A key executive with Rockefeller Group’s Morristown-based team is among five new board members at The National Institute of Building Sciences.

Industrial
Developer eyes spring 2024 delivery for new 102,000 sq. ft. Somerset warehouse, BRC says

A developer has broken ground on a project that will add more than 100,000 square feet to Franklin’s fast-growing industrial market, brokers with Bussel Realty Corp. announced.

Industrial
Mertz: Bakery ingredients maker adds 433,000 sq. ft. in New Jersey, California deals

A growing maker of bakery ingredients has added nearly 433,000 square feet after a series of industrial deals in New Jersey and California, according to a broker with NAI Mertz.

Industrial
Fennelly named leasing agent for 27,000 sq. ft. Trenton industrial building

The owner of more than 27,000 square feet of industrial space in Trenton has tapped Fennelly Associates to market the property for lease, the real estate services firm announced.

Industrial
Logistics firm takes 15,000 sq. ft. at Freehold flex park, Sheldon Gross says

A logistics firm has leased nearly 15,000 square feet of office and industrial space in Freehold, in a newly announced deal by Sheldon Gross Realty.

Professional Services
Punia Co.’s Tiger installed as IOREBA president alongside newest board officers

The Industrial and Office Real Estate Brokers Association has installed its newest slate of board officers, with plans for continued expansion of its networking and educational platform.

Industrial
Electric sports car maker moving from Spain to Sussex County, NAI Hanson says

An electric sports car manufacturer is moving from Spain to Sussex County after leasing more than 10,000 square feet of industrial flex space in Lafayette Township.

Technology
More than buzzwords: How Faropoint is using data, artificial intelligence to gain an edge in industrial deals

Investment firm Faropoint is using artificial intelligence to generate new insights on properties, improve its underwriting and support its growing industrial platform, providing a glimpse at a technology that is far from perfect but primed to disrupt commercial real estate in the years to come.