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.

Government & Public Policy
New Jersey legalizes cannabis in long-awaited move with social justice, economic impacts

Adult use of cannabis is now legal in New Jersey, cementing a key piece of Gov. Phil Murphy’s agenda and paving the way for what could be an impactful industry for commercial real estate.

Industrial
BRC inks sale of 80,000 sq. ft. industrial building in Middlesex County

A maker of ice melting products has sold an 80,000-square-foot industrial building in Middlesex County for more than $9 million, according to brokers with Bussel Realty Corp.

Industrial
Duke Realty, furniture chain detail 620,000 sq. ft. industrial lease in Piscataway

Duke Realty Corp. has preleased more than 600,000 square feet of speculative industrial space in Piscataway, securing a commitment from a well-known furniture chain.

Industrial
Stro inks 220,000 sq. ft. cold storage lease in Clifton with online ethnic grocer

The Stro Cos. has completed a 220,000-square-foot industrial lease in Clifton with a fast-growing, online specialty grocer, touting continued demand from food and cold storage users.

Finance & Capital Markets
JLL: Joint venture lands $12.7 million loan for Hamilton warehouse project

The developers of a new 171,000-square-foot industrial project in Hamilton have obtained nearly $13 million in financing for the project, according to a debt placement team with JLL.

Finance & Capital Markets
JLL makes two promotions on New Jersey capital markets team

JLL has announced two promotions within its New Jersey capital markets office.

Industrial
Investment firm adds head of acquisitions, associate for growing industrial platform

A real estate investment firm has made two new hires to support its growing industrial portfolio in New Jersey and the surrounding region.

People
Stro names new general counsel

The Stro Cos. has hired a veteran business and real estate lawyer as its new general counsel.

Industrial
Investment firm acquires 24,000 sq. ft. Meadowlands industrial building

A locally based investment firm has expanded its portfolio with the purchase of a 24,000-square-foot industrial building in Carlstadt.

Industrial
Silverman Group acquires former Family Dollar headquarters, warehouse near Charlotte

The Silverman Group has acquired a nearly 355,000-square-foot industrial building outside Charlotte, North Carolina, brokers with Avison Young announced Thursday.