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
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.

Professional Services
Blau & Berg’s Kavanagh begins term as SIOR New Jersey chapter president

A longtime broker with The Blau & Berg Co. has taken over as New Jersey chapter president of the Society of Industrial and Office Realtors.

Finance & Capital Markets
Procida’s 100 Mile Fund achieves 2022 net income of $11.6 million, 9.5 percent return

The long-running 100 Mile Fund managed by Procida Funding LLC achieved net income in 2022 of $11.6 million, the firm announced, representing a net return to investors of 9.5 percent.

Professional Services
Industrial broker Wisse named partner with Lee & Associates New Jersey

A veteran broker with Lee & Associates New Jersey is now a partner after earning his fourth promotion since 2016, when he joined the Elmwood Park-based team as an associate.

Industrial
Charity Realty: NJIT affiliate takes 19,000 sq. ft. for new Morris County lab facility

The New Jersey Institute of Technology has leased nearly 19,000 square feet in Roxbury to develop a new multipurpose lab space, in a deal arranged by Charity Realty International LLC.

Professional Services
Cresa adds industrial real estate expert to growing Northeast brokerage team

A veteran real estate executive and broker has joined Cresa’s industrial services group as a managing principal, with a regional focus that includes central and southern New Jersey.

Industrial
Pharma user expands at Hillsborough Business Center, Larken says

A life sciences firm has signed a 1,500-square-foot lease expansion at Larken Associates’ 550,000-square foot, 27-building Hillsborough Business Center off Route 206.

Industrial
C&W: Port submarkets riding high amid record cargo volume in New York, New Jersey

The Port of New York and New Jersey saw record container volume in 2022, making it the second-busiest U.S. shipping hub and signaling continued demand for area warehouse space.

Top News
Senlac rebrands as GreenBarn Investment Group, adds Schonbraun as managing partner

The Morristown-based firm known as Senlac Ridge Partners is now GreenBarn Investment Group, while it has added a commercial real estate industry veteran as a managing partner.

Professional Services
Kislak honors top producers in sales, leasing categories during annual awards program

The Kislak Co. Inc. highlighted four of its top producers recently during its annual awards program, where it also marked a year with more than $1 billion in total sales volume.