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
EverWest buys 117,000 sq. ft. Meadowlands building in $37 million sale-leaseback

EverWest Real Estate Investors has acquired an East Rutherford industrial building for more than $37 million, in the latest addition to its fast-growing portfolio in the state.

Finance & Capital Markets
Westwood industrial owner refis for $5.8 million, Polaris says

The owner of a 46,000-square-foot industrial building in Bergen County has refinanced the property for $5.8 million, under a deal arranged by Polaris Funding.

Industrial
Newark warehouse deal among five recent leases, sales by Newmark Associates

An industrial linen business has leased a 12,000-square-foot warehouse in Newark, in one of several newly announced transactions by Newmark Associates CRE.

Professional Services
Cafiero-led team looks to continue pace as Marcus & Millichap’s top N.J. brokerage unit

Marcus & Millichap’s top investment sales team in New Jersey is seeking continued momentum, following a banner year in 2021 and a strong first half of 2022, with a focus on triple-net-lease and multitenant retail deals and the industrial and office sectors.

Industrial
Seven-building, 45,000 sq. ft. Hackensack industrial portfolio sells for $7.3 million

Brentwood Realty has sold a nearly 45,000-square-foot industrial portfolio in Hackensack for $7.3 million, in a newly announced transaction by Cushman & Wakefield.

Industrial
Rockland County firm buys 12,000 sq. ft. facility in Upper Saddle River, NAI Hanson says

A company is relocating from Rockland County after purchasing a 12,000-square-foot industrial flex property in Upper Saddle River, according to a broker with NAI James E. Hanson.

Industrial
Seagis acquires 159,000 sq. ft. Middlesex County warehouse for $24 million

Seagis Property Group LP has acquired a nearly 160,000-square-foot industrial building in Metuchen, with plans to upgrade the property with a multimillion-dollar investment.

Industrial
Logistics firm expands to New Jersey with 57,000 sq. ft. Meadowlands lease

A logistics firm is coming to New Jersey after leasing more than 57,000 square feet of industrial space in East Rutherford, brokers with NAI James E. Hanson announced Tuesday.

Industrial
Manufacturers returning to Pennsauken complex after leasing 376,000 sq. ft.

The owner of a repurposed former aluminum plant in Pennsauken has leased nearly 380,000 square feet at the site, in a set of deals that will bring a familiar use to the property.

Industrial
Denver-based firm buys 26,000 sq. ft. Meadowlands warehouse, NAI Hanson says

NAI James E. Hanson has brokered the sale of a 26,112-square-foot industrial building in Carlstadt, according to a Monday announcement.