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.

Local firm buys 40,000 sq. ft. warehouse, office building in Garwood, NAI DiLeo-Bram says

A local investor has purchased a 40,000-square-foot commercial property in Garwood for $3.8 million, according to brokers with NAI DiLeo-Bram & Co.

Sanzari named finalist in annual New Jersey Family Business of the Year Awards

Alfred Sanzari Enterprises and other top family-owned firms in New Jersey took center stage last month as part of an annual program hosted by Fairleigh Dickinson University.

New Vernon Equities lands $15 million loan for new 76,000 sq. ft. East Hanover facility

The developer of a nearly 76,000-square-foot industrial building in East Hanover has secured $15 million in permanent financing, according to a debt placement team with JLL.

Terreno sells Somerset industrial building for $25 million, nearly tripling purchase price

Terreno Realty Corp. has sold an 86,000-square-foot industrial building in the Somerset section of Franklin for $25 million, nearly tripling the price it paid for the property in 2016.

Reduce, reuse, recycle: Vintage Jersey properties are ripe for repurposing

As one of America’s original 13 colonies, New Jersey has a rich and historic past. This includes former industrial properties or commerce centers in urban areas, more recently developed office parks in the suburbs and older office buildings — many of which largely stand empty — in central business districts. These vacant relics — together and individually — can be transformed into new, vibrant centers for live, work and play.

Wharton Industrial, institutional partner buy 190,000 sq. ft. Pennsauken warehouse

Wharton Industrial has acquired a nearly 190,000-square-foot warehouse in Camden County, in one of two newly announced deals by the real estate investment firm.

Uniform maker buys 207,000 sq. ft. Hillside industrial building for $30 million, Zimmel says

A uniform company has purchased a 207,000-square-foot industrial building in Hillside for $30 million, in a newly announced deal by Zimmel Associates.

Kokes adds to self-storage portfolio, unveils new ground-up project in Ocean County

Kokes Properties has completed a new 45,000-square-foot self-storage facility in the Whiting section of Manchester Township, the firm announced Tuesday.

Self-storage developers fill pipeline in New Jersey, New York as demand heats up, C&W says

An infusion of new self-storage space is coming to the New Jersey and New York region, where rents are rising amid a shrinking supply and other barriers to new development.

CenterPoint breaks ground on 320,000 sq. ft. Linden industrial project

CenterPoint Properties has broken ground in Linden on a building that will house more than 320,000 square feet of new industrial space minutes from Port Newark-Elizabeth.