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.

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IOREBA, MAREJ conference details CRE opportunities and challenges in cannabis market

New Jersey’s fast-growing cannabis market and its impact on commercial real estate took center stage last month as part of an event hosted by the Industrial & Office Real Estate Brokers Association and the Mid Atlantic Real Estate Journal.

Deals
Outgoing owner of printing business sells Burlington facility, Vantage Commercial says

The retiring owner of a printing business has sold a 3,000-square-foot facility along Route 130 in Burlington, in a newly announced deal by Vantage Commercial.

Industrial
Terreno sells North Bergen industrial building for $26 million, nearly doubling investment

Terreno Realty Corp. has sold a 127,000-square-foot industrial building in North Bergen for some $25.5 million, nearly double the price it paid for the property in 2017.

Finance & Capital Markets
Denholtz, Long Wharf secure financing for 109,000 sq. ft Piscataway warehouse, JLL says

A joint venture has landed a five-year, fixed-rate loan for a 109,000-square-foot industrial building in Piscataway, in a newly announced deal by JLL.

Events
United Way details eight finalists for annual Commercial Real Estate Network awards

The United Way of Northern New Jersey has announced eight finalists for its upcoming commercial real estate awards program, part of an event that serves as its largest annual fundraiser and draws hundreds of top industry professionals.

Industrial
Solar Landscape completes community solar project in Secaucus, expands job training program

Solar Landscape has completed a new rooftop solar installation at a Secaucus warehouse, helping to expand a job training program while adding to its fast-growing portfolio in the state.

Industrial
STRO adds 81,000 sq. ft. Mahwah industrial building, in JLL-brokered deal

The STRO Cos. has purchased an 81,000-square-foot industrial building in Mahwah, as it continues its search for property in northern New Jersey.

Industrial
Formwork, scaffolding firm Doka opens new 23,000 sq. ft. U.S. headquarters in Kenilworth

A formwork and safety solutions provider has opened the doors to its new 23,000-square-foot U.S. headquarters in Kenilworth.

Industrial
Logistics firms move past retailers, wholesalers as top driver of big-box industrial leasing

Third-party logistics firms are leading the way among tenants seeking big-box industrial space, accounting for more leasing activity than any other occupier type in New Jersey and nationally.

Industrial
Dermody acquires Somerset parcel slated for 152,000 sq. ft. warehouse project, C&W says

Dermody Properties has purchased a Franklin Township development site with approvals to build nearly 152,000 square feet of new industrial space, according to Cushman & Wakefield.