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
Denholtz refis 84,000 sq. ft. light industrial complex in East Brunswick, JLL says

Denholtz Properties has refinanced a two-building, 84,000-square-foot light industrial portfolio in East Brunswick, according to a debt placement team with JLL.

Industrial
Petrucci: Logistics firm’s lease at Logan Twp. storage lot among 395,000 sq. ft. in new deals

J.G. Petrucci Co. Inc. has welcomed seven tenants to its portfolio in New Jersey and Eastern Pennsylvania after recently leasing nearly 400,000 square feet in 90 days.

Industrial
Realterm buys 34,000 sq. ft. Port Newark facility, in latest North Jersey deal

Logistics investor Realterm has acquired the site of a nearly 34,000-square-foot industrial building minutes from Port Newark, the firm announced Tuesday.

Professional Services
NAI Hanson promotes Fittizzi, Kristofich to vice president

NAI James E. Hanson has promoted brokers Dominic Fittizzi and Jonathan Kristofich to the role of vice president, the Teterboro-based real estate services firm announced Tuesday.

Industrial
Investment firm buys 144,000 sq. ft. Essex County facility in sale-leaseback

Investment firm MAG Capital Partners has acquired a nearly 145,000-square-foot building in Essex County as part of a sale-leaseback with the owner of a cosmetics manufacturer.

Industrial
Tanker company adds 220,000 sq. ft. Bridgewater complex for $37 million

An affiliate of a national tanker truck company has acquired a 220,000-square-foot industrial complex in Bridgewater for $37 million, according to a team with Bussel Realty Corp.

Industrial
Roofing, gutter company takes 103,000 sq. ft. in Somerset, BRC says

A roofing and gutter manufacturer has leased more than 100,000 square feet of industrial space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Industrial
BRC completes 4,000 sq. ft. lease at Roselle industrial building

The owner of a Roselle industrial building has signed a new 4,000-square-foot lease at the property, in a newly announced transaction by Bussel Realty Corp.

Industrial
Hartz sells 567,000 sq. ft. Wayne industrial complex to Ares for $138.5 million

Hartz Mountain Industries has sold a nearly 570,000-square-foot industrial complex in Wayne to an affiliate of Ares Management, in a recent deal valued at more than $138 million.

Professional Services
IOREBA installs First American’s Greif as president among newest board officers

The Industrial and Office Real Estate Brokers Association has installed its new slate of board officers for the 2022-23 term.