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
Burlington County industrial building fetches $23 million, C&W says

The longtime owner of a Burlington County industrial building has sold the property for more than $23 million, under a newly announced transaction by Cushman & Wakefield.

Office
Warren flex building trades for $3.9 million, Lee & Associates New Jersey says

A nearly 40,000-square-foot flex commercial building in Warren has changed hands for $3.9 million, following a transaction arranged by Lee & Associates New Jersey.

Industrial
Meal kit delivery business takes 234,000 sq. ft. at Gloucester County industrial building

A meal kit delivery service has leased more than 230,000 square feet of new industrial space in Gloucester County, as it expands its footprint and looks to meet growing customer demand.

Industrial
Investment group closes sale of Meadowlands light industrial building, JLL says

An investment group has sold a 60,400-square-foot light industrial building in Carlstadt, under a newly announced transaction by JLL.

Industrial
C&W inks 340,000 sq. ft. lease in Hillsborough among latest industrial deals

A logistics user has leased nearly 340,000 square feet at a new industrial building in Somerset County, in one of several newly announced deals by Cushman & Wakefield.

Industrial
Sudler unveils first piece of South Carolina business park, using eco-friendly concrete tech

Sudler Cos. has delivered more than 200,000 square feet of new industrial space in upstate South Carolina as part of an ongoing expansion into the Southeast.

Industrial
JLL: Lincoln Equities, PCCP acquire Rockland County industrial portfolio for $54 million

An industrial portfolio some 10 miles north of Bergen County has sold for more than $50 million, in a deal arranged by JLL’s Morristown-based capital markets team.

Finance & Capital Markets
Spencer inks $22 million loan in Meadowlands for global manufacturing client

Spencer Savings Bank has closed a $22 million mortgage tied to a distribution center in the Meadowlands, touting it as the single-largest transaction in its history.

Industrial
CBRE: Picture frame maker relocating, acquires 45,000 sq. ft. building in Somerset

A picture frame manufacturer has acquired a roughly 45,000-square-foot industrial building in the Somerset section of Franklin, in a newly announced transaction by CBRE.

Professional Services
WCRE adds business development adviser

Wolf Commercial Real Estate has announced the hiring of a new business development adviser to help bring the firm’s services to new clients.