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
Developer eyes spring 2024 delivery for new 102,000 sq. ft. Somerset warehouse, BRC says

A developer has broken ground on a project that will add more than 100,000 square feet to Franklin’s fast-growing industrial market, brokers with Bussel Realty Corp. announced.

Industrial
Mertz: Bakery ingredients maker adds 433,000 sq. ft. in New Jersey, California deals

A growing maker of bakery ingredients has added nearly 433,000 square feet after a series of industrial deals in New Jersey and California, according to a broker with NAI Mertz.

Industrial
Fennelly named leasing agent for 27,000 sq. ft. Trenton industrial building

The owner of more than 27,000 square feet of industrial space in Trenton has tapped Fennelly Associates to market the property for lease, the real estate services firm announced.

Industrial
Logistics firm takes 15,000 sq. ft. at Freehold flex park, Sheldon Gross says

A logistics firm has leased nearly 15,000 square feet of office and industrial space in Freehold, in a newly announced deal by Sheldon Gross Realty.

Professional Services
Punia Co.’s Tiger installed as IOREBA president alongside newest board officers

The Industrial and Office Real Estate Brokers Association has installed its newest slate of board officers, with plans for continued expansion of its networking and educational platform.

Industrial
Electric sports car maker moving from Spain to Sussex County, NAI Hanson says

An electric sports car manufacturer is moving from Spain to Sussex County after leasing more than 10,000 square feet of industrial flex space in Lafayette Township.

Technology
More than buzzwords: How Faropoint is using data, artificial intelligence to gain an edge in industrial deals

Investment firm Faropoint is using artificial intelligence to generate new insights on properties, improve its underwriting and support its growing industrial platform, providing a glimpse at a technology that is far from perfect but primed to disrupt commercial real estate in the years to come.

Industrial
Dalfen buys new 110,000 sq. ft. warehouse in Somerset, in firm’s first Central Jersey deal

Investment firm Dalfen Industrial has expanded to central New Jersey with its purchase of a nearly 100,000-square-foot warehouse in Franklin’s Somerset section.

Industrial
Denholtz completes new 41,000 sq. ft. flex industrial building in Hamilton

Denholtz Properties has delivered more than 40,000 square feet of new flex industrial space in Hamilton with the completion of a project just off Interstate 195.

Finance & Capital Markets
PGIM lends $103 million for Pennsauken industrial portfolio deal

PGIM Real Estate has provided $103 million in fixed-rate financing to the buyer of more than 1 million square feet of industrial space in Pennsauken.