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
Growth story

As you’ll read in this month’s cover story, Accurate has been prolific in filling its development pipeline, moving decisively to secure new projects in the state and elsewhere. It now has construction underway, approvals in place or sites under control to build another roughly 6,400 apartments and townhomes, including more than 4,000 units in Newark, where it’s leading the sweeping redevelopment of the former Riverfront Stadium property.

Professional Services
Lee & Associates promotes two industrial brokers to assistant vice president

Lee & Associates New Jersey has promoted two industrial brokers to the role of assistant vice president, the Elmwood Park-based firm announced Tuesday.

Industrial
Tenants wanted for new 262,000 sq. ft. Mercer County industrial building, Avison Young says

A developer has tapped Avison Young as its leasing agent for more than 260,000 square feet of soon-to-be-built industrial space in Lawrence Township.

Industrial
NAI Hanson: Cheer program takes 9,000 sq. ft. for new Meadowlands training facility

A competitive cheerleading program has leased more than 9,000 square feet at a Meadowlands industrial building, brokers with NAI James E. Hanson announced Tuesday.

Finance & Capital Markets
JLL inks $19.6 million acquisition loan for Penwood industrial deal in Carlstadt

An affiliate of Penwood Real Estate Investment Management LLC has secured acquisition financing for a nearly 110,000-square-foot Meadowlands industrial building.

Events
IOREBA unveils high-profile speaker lineup for upcoming ‘Developers Night’ program

The Industrial and Office Real Estate Brokers Association has unveiled a panel of eight industry leaders who will headline its popular Developers Night event next month.

Industrial
Manufacturer eyes expansion in Carteret, as mayor hosts company leaders from South Korea

A global cosmetics maker is expanding its operations in Carteret as part of a plan to overhaul its 139,000-square-foot plant just west of the New Jersey Turnpike.

Industrial
Greek files plans for 644,000 sq. ft. logistics facility at former Nabisco plant in Fair Lawn

Greek Development has revealed new details of its plan to bring modern industrial space to the former Nabisco plant site in Fair Lawn, where demolition is well underway.

Industrial
Velocity sells 48,000 sq. ft. Camden County industrial building for $4.2 million

Velocity Venture Partners has sold a Camden County industrial building for $4.2 million, in a deal that comes less than three years after it purchased the 48,000-square-foot facility.

Industrial
Rockefeller Group sells new Burlington County warehouse for $83 million

Rockefeller Group has sold a newly built distribution center in Burlington County for $83 million, securing a buyer that will occupy the nearly 346,000-square-foot building.