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.

Residential & Mixed Use
Partnerships, collaboration in focus as NAIOP gala honors CRE leaders and deals of the year

Commercial real estate leaders turned out Thursday for NAIOP New Jersey’s annual gala, where the chapter honored five key figures and unveiled its coveted Deal of the Year winners.

Top News
NAIOP New Jersey CEO McGuinness to step down after 25 years

Mike McGuinness, the highly regarded CEO of NAIOP New Jersey, is stepping down after more than 25 years at the helm of the commercial real estate association.

Finance & Capital Markets
G.S. Wilcox secures $8.5 million refi for Hampshire-owned warehouse in Teterboro

An affiliate of The Hampshire Cos. has secured $8.5 million to refinance a Teterboro industrial building spanning more than 86,000 square feet, in a deal arranged by G.S. Wilcox & Co.

Industrial
Bus, coach business signs 160,000 sq. ft. industrial lease in Union Twp.

A transportation company has signed a full-building, 160,000-square-foot lease at a Union Township industrial building, according to a team with Bussel Realty Corp.

Office
Pharma firm takes 28,000 sq. ft. in Montville for office, distribution center, CBRE says

A pharmaceutical ingredients firm has leased nearly 28,000 square feet in Montville that will serve as both a new corporate office and distribution facility, brokers with CBRE said.

Industrial
Dermody adds Burlington development sites, eyeing 620,000 sq. ft. across two warehouses

Dermody Properties has acquired two development parcels in Burlington County with plans to build new high-end distribution centers totaling nearly 620,000 square feet.

Industrial
New York investor buys 38,000 sq. ft. North Bergen complex for $11 million, Marcus says

A private investor has acquired a three-building industrial complex in North Bergen for $11.1 million, in a newly announced deal by Marcus & Millichap.

Industrial
Diversified signs 9,000 sq. ft. lease in Montville with global fragrance house

Diversified Properties has leased a 9,000-square-foot industrial building in Montville that will serve as the new U.S. headquarters of a global fragrance house.

Professional Services
LAN Associates names Wighard as its new president, its third in firm’s 58-year history

LAN Associates has tapped a longtime team member as its new president, marking the third person to hold the post since the architecture and engineering firm was founded in 1965.

Industrial
STRO adds 46,000 sq. ft., small-bay industrial complex near Newark’s port district

The STRO Cos. has acquired nearly 46,000 square feet of industrial space across two buildings in Newark’s South Ironbound section, the firm announced Friday.