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.

Finance & Capital Markets
JLL inks $114 million construction loan for 815,000 sq. ft. Bucks County industrial project

A developer has landed a $114 million construction loan for more than 800,000 square feet of new industrial space in Pennsylvania’s Bucks County, less than 10 miles outside New Jersey.

Industrial
Prologis adds 126,000 sq. ft. Teterboro industrial building, NAI Hanson says

Prologis Inc. has purchased a nearly 126,000-square-foot industrial building in Teterboro, adding to its vast holdings in Bergen County and northern New Jersey.

Industrial
Sanzari inks 72,000 sq. ft. renewal in Norwood with therapeutic shoemaker

A shoe manufacturer has signed a nearly 72,000-square-foot lease renewal at a Norwood industrial building owned by Alfred Sanzari Enterprises, the real estate firm announced.

Industrial
3PL firm buys 37,000 sq. ft. Bergen County warehouse to support growth, BRC says

A third-party logistics firm has acquired a 37,000-square-foot industrial building in Northvale for $7.6 million, brokers with Bussel Realty Corp. announced Monday.

Industrial
Industrial owners pivot to new (and old) strategies amid challenges to development, capital stack

Industrial owners in New Jersey are adapting to a climate of caution in the capital markets, cooling demand from tenants and growing local resistance to large warehouse projects. Some see it as a chance to double down in a market that they feel is still fundamentally sound, despite a slowdown in big-box leasing, as others pivot to different, more conservative approaches.

Industrial
Crow Holdings unveils new three-building, 1.2 million sq. ft. industrial campus in Carteret

Crow Holdings Development has completed a new three-building, 1.2 million-square-foot industrial campus just off the New Jersey Turnpike in Carteret.

Industrial
JLL: Buyer wanted for seven-building, 1.2 million sq. ft. industrial portfolio in East Hanover

The owner of more than 1.2 million square feet of industrial space in East Hanover is seeking a buyer for the seven-building portfolio, according to brokers with JLL.

Industrial
IDI promotes Breaux to chief strategy officer, east region executive vice president

IDI Logistics’ top executive on the East Coast is now the firm’s chief strategy officer after being promoted by the Atlanta-based industrial developer.

Industrial
Freight, logistics firm takes 68,000 sq. ft. at Secaucus industrial building, C&W says

A freight and logistics company has leased nearly 68,000 square feet of industrial space in Secaucus, in a newly announced deal by Cushman & Wakefield.

Industrial
Greek Development rebrands amid growing platform, third-party service offerings

Greek Development is now Greek Real Estate Partners, as the firm looks to highlight its growing selection of third-party services beyond its own portfolio of industrial buildings.