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
Logistics user takes 54,000 sq. ft. at Elizabeth industrial building

A logistics firm is moving to a newly renovated warehouse in Elizabeth, where it has leased 54,000 square feet as part of a deal announced Monday by NAI James E. Hanson.

Industrial
Union County warehouse trades for $1.2 million, BRC says

A buyer has paid nearly $1.2 million for a 7,100-square-foot industrial property in Union County, under a newly announced transaction by Bussel Realty Corp.

People
Dermody announces new partner for Morristown-based east region team

By Joshua Burd An executive with Dermody Properties’ regional team in Morristown has risen to the role of partner after less than four years with the development and investment firm. Robert Borny, who joined Dermody in October 2017, previously held…

Industrial
Edison warehouse changes hands for $11 million, Zimmel says

An investment group has purchased a fully leased, 63,000-square-foot warehouse in Edison, in an $11 million transaction arranged by Zimmel Associates.

Industrial
NAI Hanson: Hampshire acquires, plans upgrades at Allendale industrial building

The Hampshire Cos. has acquired a nearly 115,000-square-foot industrial building in Allendale, with plans to modernize the property through a series of upcoming renovations.

Industrial
JLL: Developer seeking buyer for planned 112,000 sq. ft. industrial project along I-287

A developer is seeking a buyer for what will be more than 110,000 square feet of new industrial space along Interstate 287 in Middlesex County, according to brokers with JLL.

Industrial
Brookfield fund acquires Somerset site, eyes 176,000 sq. ft. industrial project, CBRE says

An investment fund has acquired more than 15 acres in the Somerset section of Franklin, where it plans to break ground next year on a new 176,000-square-foot industrial building.

Industrial
Supplement maker takes 20,000 sq. ft. at East Hanover flex industrial building

A maker of dietary supplements has leased 20,000 square feet at a flex industrial building in Morris County, according to a brokerage team with Newmark Associates.

Industrial
Arts, crafts supplier takes 5,200 sq. ft. at Tinton Falls park, Sheldon Gross says

An arts and crafts supplier has leased 5,200 square feet of industrial space in Tinton Falls, under a newly announced transaction by Sheldon Gross Realty.

Industrial
Sudler adding to Florida industrial portfolio with acquisitions, new construction

The Sudler Cos. has expanded its out-of-state portfolio with the acquisition of two warehouse properties along Florida’s Gulf Coast.