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
REIT buys 246,000 sq. ft. Vineland, Bridgeton portfolio in $33 million sale-leaseback

A real estate investment trust has purchased a two-building, 246,000-square-foot industrial portfolio in Vineland and Bridgeton, in a deal valued at nearly $33 million.

Cover Story
Prologis eyes continued push in New Jersey, New York with a team that has doubled since 2019

Prologis Inc. has grown to about 65 employees in New Jersey and New York to support its expansion in the region, nearly double its headcount from just three years ago, reflecting the growth of its footprint during that time from 37 million to 44 million square feet.

Finance & Capital Markets
JLL: Owner of new 130,000 sq. ft. industrial facility in Ewing refis for $14.5 million

The owner of a newly built, 130,000-square-foot industrial building in Mercer County has refinanced the property for $14.5 million, in a newly announced deal by JLL.

Industrial
Blau & Berg: Developer eyes 750,000 sq. ft. logistics park after assembling Woodbridge site

A developer has assembled some 38 acres in Woodbridge that could house nearly 750,000 square feet of new industrial space, following a series of deals by The Blau & Berg Co.

Finance & Capital Markets
STRO, KRE ink $60 million refi of new 205,000 sq. ft. Woodland Park industrial building

The STRO Cos. and Kushner Real Estate Group have secured $60 million to refinance a new 205,000-square-foot industrial development in Woodland Park.

Industrial
Specialty foods distributor inks 5,000 sq. ft. industrial lease in Somerset, BRC says

A food distributor has taken 5,000 square feet of industrial space in Franklin’s Somerset section, in a newly announced deal by Bussel Realty Corp.

Industrial
Penwood adds 110,000 sq. ft. Meadowlands industrial property, in Chaus-brokered deal

An investment manager has acquired a nearly 110,000-square-foot industrial building in the Meadowlands, in a recent transaction by Chaus Realty.

Industrial
C&W inks trade of 73,000 sq. ft. industrial portfolio, storage lot in Linden

A logistics firm has purchased two industrial buildings and an adjacent outdoor storage lot in Linden for an undisclosed price, according to brokers with Cushman & Wakefield.

Sponsored Content
Building up: The future of warehouse design in urban markets

The ever-growing demand and need for prompt fulfilment is forcing businesses and developers to react to the market with more warehouse space that is closer to the consumer. When development footprint in the middle of major U.S. cities is high in price and in low supply, you must build up, not out — this has been the answer in the commercial and residential markets for decades.

Industrial
Inspection technology firm takes 22,000 sq. ft. in Mount Laurel, Vantage Commercial says

A pharmaceutical inspection company has leased nearly 22,000 square feet of industrial flex space in Mount Laurel, in a newly announced deal by Vantage Commercial.