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 suburban tristate capital markets team inks $4.7 billion in 2022 sales

Brokers with JLL’s suburban tristate capital markets team are forecasting a busy 2023 after a year in which they completed some $4.7 billion in sale transactions.

Industrial
Lowe’s preleases 103,000 sq. ft. Hamilton warehouse project, Corporate America Realty says

Lowe’s Home Centers Inc. has leased more than 100,000 square feet of new industrial space in Hamilton, filling the second piece of a speculative development near Interstate 295.

Industrial
JLL: Rockefeller sells 454,000 sq. ft. Lehigh Valley warehouse to Link for $91 million

Rockefeller Group has sold a nearly 454,000-square-foot industrial building in Pennsylvania’s Lehigh Valley for $91 million, in a newly announced deal by JLL.

Industrial
Private investor buys 33,000 sq. ft. Hasbrouck Heights industrial building

A private investor has purchased a fully leased, 33,000-square-foot industrial building in Hasbrouck Heights, in a deal arranged by NAI James E. Hanson.

People
Rockefeller taps longtime team member for development post in New Jersey, Pennsylvania

Rockefeller Group has deepened its bench in New Jersey and Pennsylvania with the addition of a longtime team member from its New York City headquarters.

Industrial
Woodmont, EverWest detail renovation, expansion of South Brunswick warehouse

Construction is underway on a plan to overhaul and expand a South Brunswick industrial building, under a project by Woodmont Industrial Partners and EverWest Real Estate Investors.

People
Larken adds commercial property manager for central New Jersey

Larken Associates has named a new property manager for its commercial real estate portfolio in central New Jersey.

Community
Sanzari Family Foundation awards 13 new grants totaling $50,000

The Alfred N. Sanzari Family Foundation has announced a combined $50,000 in grants under its latest round of funding for nonprofits in northern New Jersey.

Industrial
Manufacturer relocates, expands at Larken’s Hillsborough Business Center

A tenant at Larken Associates’ sprawling industrial park in Hillsborough is expanding once again after signing a new lease for nearly 1,100 square feet.

Industrial
Investor eyes 586,000 sq. ft. warehouse project after buying Salem County parcels

An investment group has purchased a 48-acre development site in Salem County, seeking to expand its holdings and capitalize on growing industrial rents in the region.