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
C&W: Ares secures $367 million loan for 3 million sq. ft. industrial portfolio

The owner of a multistate portfolio with more than 3 million square feet of industrial space has obtained nearly $370 million in financing for the assets, according to Cushman & Wakefield.

Industrial
Food distributor takes 13,000 sq. ft. at Sparta industrial building, NAI Hanson says

NAI James E. Hanson has negotiated a new 12,920-square-foot industrial lease in Sparta.

Technology
Pfister Energy adds senior vice president for project origination

Pfister Energy has hired a 15-year solar industry veteran as a senior vice president for project origination.

Industrial
Economic unease seeps into warehouse market despite Q2 rent growth, occupancy gains

Demand for industrial space in New Jersey held strong in the second quarter, but market experts are warning against a potential pullback by tenants amid growing economic uncertainty.

Industrial
Pool contractor buys 24,000 sq. ft. industrial complex in Hillsborough, Deluccia says

A swimming pool contractor has purchased a 24,000-square-foot industrial property in Hillsborough for $3.1 million, in a deal arranged by Deluccia Commercial Group.

Industrial
Contractor buys 19,000 sq. ft. industrial building in Union Twp.

The Blau & Berg Co. has brokered the sale of a 19,000-square-foot industrial property in Union Township, the Short Hills-based firm announced this week.

Industrial
Investor adds to South Jersey footprint with 75,000 sq. ft. Burlington property

An investment group has purchased a 75,000-square-foot industrial building off Route 130, with plans to “explore expansion opportunities” at the Burlington Township property.

Industrial
CBRE inks sale of 44,000 sq. ft. Oakland industrial building for $9.6 million

Investment firm Faropoint has acquired a nearly 45,000-square-foot industrial building in the Bergen County borough of Oakland, in a newly announced deal by CBRE.

Industrial
IDI leases 111,000 sq. ft. at new Passaic industrial building, in reported deal with Lowes

IDI Logistics has secured a full-building commitment at a newly built industrial building in Passaic, leasing more than 100,000 square feet to a home improvement giant.

Industrial
Printing, marketing firm joins growing list of tenants at STRO warehouse in Hackensack

The STRO Cos. has secured another tenant at a Hackensack industrial building after inking a 12,000-square-foot lease with a printing and marketing company.