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
Sitar inks sale of 39,000 sq. ft. warehouse, office asset in Wall for Manasquan Bank

Manasquan Bank has sold a nearly 39,000-square-foot warehouse and office building in Wall Township for $7.7 million, according to brokers with Sitar Realty Co.

Industrial
Realterm buys low-coverage, 67,000 sq. ft. warehouse site in Bergen County

Investment firm Realterm has purchased a 66,504-square-foot warehouse in the Bergen County borough of Fairview.

Top News
Dessert maker takes 20,000 sq. ft. at new Denholtz food, beverage facility on Fort Monmouth

Denholtz Properties has lured another user to its new food and beverage hub on Fort Monmouth, where a fast-growing dessert business will now build out a new production facility.

Finance & Capital Markets
JLL sources loans to refi two-building, 51,000 sq. ft. light industrial portfolio in Tinton Falls

JLL has arranged a refinancing for two Monmouth County light industrial buildings totaling 50,923 square feet.

Featured
Will cold storage heat up in New Jersey?

By Kristian Cichon, ME, BE, Director of Acquisitions Deugen Development The New Jersey industrial market has managed to continue its historic pace of rising rents and new development, while vacancy rates have remained below 2 percent. This unprecedented demand from…

Industrial
Hartz details pitch for industrial park, open space at massive Hercules site in Roxbury

Hartz Mountain Industries has unveiled its proposal to redevelop a massive former manufacturing site in Morris County, including plans for a five-building, 2.5 million-square-foot industrial campus and hundreds of acres of open space.

Industrial
IDI acquires Somerset redevelopment sites, eyeing new industrial project

IDI Logistics has acquired two properties in the Somerset section of Franklin that it now plans to redevelop as a new high-end warehouse and distribution facility.

Industrial
Thor acquires 330,000 sq. ft. Passaic warehouse for $52 million

Thor Equities Group has acquired a fully leased, 330,000-square-foot industrial building in Passaic for $52 million, as it touts continued investment in the asset class and the region.

Industrial
C&W: Sitex Group sells five-building, 114,000 sq. ft. light industrial portfolio in Orange

Sitex Group has sold a nearly 114,000-square-foot portfolio of light industrial buildings in Orange, directly north of Interstate 280, in a transaction arranged by Cushman & Wakefield.

Industrial
Private equity firm buys 98,000 sq. ft. Clifton warehouse complex, Lee & Associates N.J. says

Longpoint Realty Partners LP has purchased a two-building, 98,000-square-foot warehouse complex in Clifton, in a deal arranged by Lee & Associates New Jersey.