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.

Top News
Plan for 1.2 million sq. ft. studio, hospitality complex in Carteret wins key approval

A sprawling project that would bring film and television studios, hotel rooms and restaurants to a former industrial site in Carteret is moving forward after securing a key local approval.

Industrial
STRO acquires 45,000 sq. ft. Fairfield industrial building

The STRO Cos. has bolstered its holdings in Fairfield with the acquisition of a 45,000-square-foot industrial building off Route 46.

Industrial
Partnership sells 5.6-acre industrial storage site near Port Newark, C&W says

A joint venture has sold a 5.6-acre industrial outdoor storage property in Newark, brokers with Cushman & Wakefield announced Monday.

Industrial
High-end self-storage facility opens in Woodbridge, Tokarski Millemann Architects says

A new 126,000-square-foot self-storage facility has come to Woodbridge as part of a project team that includes Wall-based Tokarski Millemann Architects, the firm announced.

Professional Services
CBRE adds longtime New Jersey industrial broker as executive vice president

CBRE has hired a veteran broker and leasing executive as the latest member of its industrial and logistics advisory team in New Jersey.

Industrial
NAI Hanson: Glass maker takes 14,000 sq. ft. at Sparta industrial park

A glass manufacturer has leased more than 14,000 square feet at a new industrial park in Sparta, according to a broker with NAI James E. Hanson.

Industrial
Sheldon Gross inks sale of Newark auto body shop property for $750,000

A commercial property on Newark’s Verona Avenue has changed hands for $750,000, in a deal brokered by Sheldon Gross Realty Vice President Eric Weston.

Industrial
G.S. Wilcox sources $17 million loan for 130,000 sq. ft. Pennsylvania warehouse project

G.S. Wilcox & Co. has arranged $17 million in construction-to-permanent financing for a 130,435-square-foot warehouse in Eastern Pennsylvania, the Morristown-based firm said.

Industrial
BRC: Food distributor expands again in Somerset, leasing 52,000 sq. ft.

A food distributor has leased more than 52,000 square feet of industrial space in Franklin’s Somerset section, in the latest expansion of its footprint in recent years.

Finance & Capital Markets
Developer of five-year-old self-storage building in Westwood refis for $12 million, JLL says

The developer of an 830-unit self-storage facility in Bergen County has refinanced the property for $12 million, according to a debt placement team with JLL.