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.

Features
High praise: NAIOP leaders pay tribute to outgoing CEO McGuinness

We asked commercial real estate industry leaders for their thoughts on NAIOP New Jersey CEO Michael McGuinness, who is retiring next month after more than 25 years in the role.

Industrial
Blau & Berg inks 31,000 sq. ft. sublease at Elizabeth truck terminal

A trucking company has signed a 31,000-square-foot sublease for a terminal facility in Elizabeth, in a newly announced deal by The Blau & Berg Co.

Industrial
NAI Hanson inks sale of 8,000 sq. ft. Hackensack warehouse

An owner-occupier has purchased a nearly 8,000-square-foot industrial building in Hackensack, in a newly announced deal by NAI James E. Hanson.

Finance & Capital Markets
Developers ink $180 million construction loan for 1.7 million sq. ft. Pennsville logistics park

A joint venture has secured a $180 million construction loan for what will be a two-building, 1.7 million-square-foot industrial park just off the Delaware Memorial Bridge in Salem County.

Industrial
Bathroom products wholesaler moving from Secaucus, takes 70,000 sq. ft. in Pennsylvania

A distributor of luxury bathroom products is relocating from Secaucus after leasing 70,000 square feet of industrial space in Central Pennsylvania, brokers with CBRE said Monday.

Finance & Capital Markets
Investor snags $10 million acquisition loan for 125,000 sq. ft. flex, office building in Whippany

The buyer of more than 125,000 square feet of flex warehouse and office space in Hanover has secured $10 million in financing for the deal, according to a team with Progress Capital.

Industrial
Zoltek: Developer buys 8,000 sq. ft. West New York industrial property

A local investor has sold a nearly 8,000-square-foot industrial building in West New York, in a deal arranged by Zoltek Commercial Real Estate Services.

Industrial
Maintenance contractor buys three-acre industrial property in Denville

A service contractor is moving its headquarters after assembling a three-acre flex industrial property in Denville, in a newly announced deal by Charity Realty International.

Finance & Capital Markets
JLL: Bridge lands $64 million construction loan for 211,000 sq. ft. spec warehouse in Newark

Bridge Industrial has secured $64.3 million in financing to build more than 200,000 square feet of new logistics space in Newark’s port district, brokers with JLL announced.

Events
United Way honors Fiserv, Samsung deals, while highlighting CREW NJ’s own philanthropy

United Way of Northern New Jersey awarded its 2023 Industrial Impact Award to Samsung at Linden Logistics Center. From left: United Way of Northern New Jersey CEO Kiran Handa Gaudioso, Greek Development Managing Partner David Greek, Greek Development Director of…