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
Progress Capital sources $23 million loan for 1,000-unit self-storage project

A developer has landed a $23 million construction loan for a planned 1,000-unit self-storage facility in Branchburg, in a deal arranged by Progress Capital.

Industrial
Seagis, DHL Global Forwarding ink 17,000 sq. ft. industrial lease in Carteret, BRC says

A unit of shipping giant DHL has taken more than 17,000 square feet of industrial space in Carteret, in a newly announced deal by Bussel Realty Corp.

Industrial
Woodmont eyes spring delivery for new 54,000 sq. ft. industrial project in Woodbridge

Woodmont Industrial Partners has broken ground on what will be more than 54,000 square feet of new industrial space in Woodbridge.

Residential & Mixed Use
Jersey City development site slated for 136 apartments sells for $6.5 million

A development site that could house more than 130 luxury apartments has changed hands in Jersey City’s West Side neighborhood, in a deal arranged by B6 Real Estate Advisors.

Industrial
NAI Hanson completes sale of three-building property in Westwood

NAI James E. Hanson has negotiated the trade of a three-building property in the Bergen County borough of Westwood.

Industrial
Pool plastering business takes 8,000 sq. ft. in Plainfield, Boniakowski says

A swimming pool construction business has leased 8,000 square feet of warehouse space in Plainfield, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Industrial
Tenant takes 569,000 sq. ft. at new multistory Bronx warehouse, JLL Northeast team says

A joint venture has leased nearly 570,000 square feet at its newly developed, two-story logistics facility in the Bronx, in a deal by JLL’s Northeast Industrial team.

Finance & Capital Markets
Hampshire, Invesco score construction loan for 112,000 sq. ft. Meadowlands industrial project

A joint venture has closed on a construction loan for a development that will bring more than 110,000 of new logistics space to North Arlington, brokers with JLL announced Monday.

Events
NAIOP New Jersey details slate for annual President’s Awards, Hall of Fame Dinner

Eight key players in the state’s commercial real estate sector will take the stage in early November as part of NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner.

Retail
Starbucks opens at new mixed-use Belleville property by Tulfra, Hampshire

A new Starbucks has opened its doors in Belleville as the latest piece of an ongoing mixed-use development by Tulfra Real Estate and The Hampshire Cos.