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
Sitex adds properties in Edison, Rutherford amid continued thirst for deals in 2023

Sitex Group has added to its New Jersey industrial portfolio in 2023, completing more than $250 million in new transactions in some of the state’s most in-demand submarkets.

Industrial
Bridge Industrial breaks ground on 1 million sq. ft. Perth Amboy logistics campus

Bridge Industrial has broken ground on a project that will add more than 1 million square feet of new warehouse and logistics space to Perth Amboy, while helping to repurpose another once-contaminated site along the city’s waterfront.

Industrial
Seagis adds 97,000 sq. ft. Avenel industrial building, reportedly for $24 million

Seagis Property Group has acquired a nearly 97,000-square-foot industrial building in Woodbridge as part of a sale-leaseback announced this week.

Industrial
Hartz, event technology firm ink 46,000 sq. ft. industrial lease in Secaucus, Newmark says

A technology firm serving the global events industry has signed a new 46,000-square-foot industrial lease in Secaucus, in a newly announced deal by Newmark.

Finance & Capital Markets
JLL sources $35 million construction loan for latest Hampshire, Invesco warehouse project

Invesco Real Estate and The Hampshire Cos. have obtained a $34.5 million construction loan to build nearly 188,000 square feet of new industrial space in Bergen County.

Government & Public Policy
Greek postpones implosion at ex-Nabisco complex in Fair Lawn

Greek Development has postponed an implosion at the former Nabisco complex in Fair Lawn — where it’s slated build a new ground-up distribution center — amid residents’ calls for expanded environmental testing at the historic property.

People
Saxum promotes Schoer, Malavarca amid firm’s ongoing growth

Investment and development firm Saxum Real Estate has announced the promotion of two key members of its Summit-based team.

Industrial
Data services firm renews 7,600 sq. ft. industrial lease in Branchburg, C&W says

A cloud services company has signed a renewal at a Branchburg industrial building, where it occupies more than 7,600 square feet.

Sponsored Content
The Morris County EDC Presents the 30th Annual Partners in Economic Development Awards

 At the 30th Annual Partners in Economic Development Awards, industry experts from around the state will discuss real estate development in New Jersey and its potential for the next five years. The Morris County Economic Development Corporation is hosting this conference, which will occur on Friday, April 14, 2023, at the Hyatt Regency Morristown. This is a fantastic opportunity for attendees to gain valuable insight into current trends and strategies in real estate development and network with other professionals in the field.

Industrial
Investor buys 553,000 sq. ft. Parsippany industrial building, reportedly for $116 million

Brooklyn-based Madison Properties had added to its New Jersey portfolio with the purchase of more than 550,000 square feet of industrial space in Parsippany.