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
Global metal supplier inks 85,000 sq. ft. renewal at Parsippany industrial building

A metal service center and distribution network in Parsippany has signed a lease renewal for more than 85,000 square feet, brokers with CBRE announced Tuesday.

Industrial
New 236,000 sq. ft. logistics campus in Somerset lands two tenants, CBRE says

CBRE Investment Management has filled nearly 236,000 square feet of new industrial space in the Somerset section of Franklin, securing two tenants after recently acquiring the complex.

Industrial
PNK Group adds another South Jersey development site, eyeing 270,000 sq. ft. warehouse

Industrial developer PNK Group has acquired more than 53 acres in Camden County, with plans to build some 270,000 square feet of logistics space as part of its growing footprint in the state.

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QCRE: Newark warehouse sells for $1.2 million, with buyer set to move from Brooklyn

An industrial user is relocating to Newark after acquiring an 8,400-square-foot warehouse in the city, according to a brokerage team with The Quinas Companies Inc.

Industrial
CenterPoint adds 388,000 sq. ft. at Exit 12 with two-building industrial deal in Avenel

CenterPoint Properties has acquired two industrial buildings in the Avenel section of Woodbridge, adding nearly 388,000 square feet to its portfolio in the region.

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Zimmel named leasing agent for Somerset, Ewing commercial properties

The owner of 235,000 square feet of commercial space in Somerset and Mercer counties has tapped Zimmel Associates as its leasing team for the properties.

Industrial
Advance, Greek lease 165,000 sq. ft. to 3PL firm in latest deal at Linden Logistics Center

Advance Realty Investors and Greek Real Estate Partners have leased 165,000 square feet in Linden to a third-party logistics firm, bringing another tenant to their recently completed, 4.1 million-square-foot industrial campus near the New Jersey Turnpike.

Industrial
Mapletree sells U.S. industrial portfolio (including 270,000 sq. ft. in Morris County) in $328 million deal with Faropoint

Mapletree Investments Pte Ltd has sold a 1.8 million-square-foot industrial portfolio, including more than 270,000 square feet in New Jersey, to Faropoint for $328 million.

Industrial
Marcus: Auto repair shop completes $3 million sale-leaseback in Green Brook

An auto repair business has sold and leased back a nearly 12,000-square-foot industrial property in Green Brook, brokers with Marcus & Millichap announced last week.

Industrial
Dermody, retail brand Quince ink 105,000 sq. ft. lease in Carneys Point, Lee & Associates says

A direct-to-consumer retailer has found its first logistics facility, leasing 105,000 square feet of new industrial space in the Salem County township of Carneys Point.