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.

People
Denholtz expands construction, finance teams with five new hires

Denholtz Properties has announced five new hires, with an eye toward bolstering its internal construction and finance teams in the wake of the pandemic.

Industrial
Premier delivers 50,000 sq. ft. warehouse, headquarters for logistics firm in Piscataway

A design and construction firm is marking the completion of a facility in Piscataway that will serve as a new warehouse and headquarters for a growing logistics provider.

Industrial
Pennsauken warehouse fully leased after deal with beverage packer

A packaging company is tripling its footprint in the region after taking more than 63,000 square feet of industrial space in Pennsauken, according to brokers with Colliers International.

Finance & Capital Markets
JLL: Owner of three Raritan Center buildings in Edison refis for $14 million

The owner of three industrial buildings in Edison’s Raritan Center has refinanced for $14.35 million, in a transaction arranged by JLL.

Industrial
Sitex acquires 30,000 sq. ft. warehouse in Fairfield

Sitex Group has picked up a 30,000-square-foot warehouse in Fairfield, where it’s planning a series of upgrades with the building slated to become available in 2022.

Technology
Warren County solar farm fetches $3.5 million, C&W says

A new 49-acre solar farm in Warren County has changed hands for $3.5 million, under a transaction arranged by Cushman & Wakefield.

Industrial
WCRE: Camden County building sold, set to become headquarters for solar company

A former gym operator has sold a 35,000-square-foot commercial building in Camden County, under a newly announced deal by Wolf Commercial Real Estate.

Industrial
Stro, packaging business ink 37,000 sq. ft. warehouse lease in Fairfield

The Stro Cos. has leased 37,000 square feet of industrial space in Fairfield to a packaging company, providing the latter with a new long-term home along Route 46.

Industrial
Tulfra sells Totowa condo units to congregation, its longtime tenant

Tulfra Real Estate has sold four commercial condominium units in Totowa to a local congregation, a longtime tenant at the firm’s mixed-use property in the township.

Industrial
Industrial owners adapting, unlocking new revenue streams as parking requirements soar

Demand for parking in and around industrial properties has soared in New Jersey, fueled largely by the use of large delivery fleets, spurring changes in building design and creating new revenue streams for industrial owners.