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
Woodmont sells new 54,000 sq. ft. warehouse in Woodbridge to Sagard Real Estate

Woodmont Industrial Partners has sold more than 54,000 square feet of newly built industrial space in Woodbridge to Sagard Real Estate, in a deal arranged by Newmark.

Finance & Capital Markets
CBRE: Ridgecut Road snags acquisition loan for Kenilworth industrial outdoor storage site

Ridgecut Road has secured acquisition financing for a roughly two-acre industrial outdoor storage property in Kenilworth, according to a debt placement team with CBRE.

Deals
Sheldon Gross: Boxing gym leases new 10,000 sq. ft. location in Belleville

A boxing-inspired gym has found a home in Belleville with a newly completed lease for nearly 10,000 square feet, according to a brokerage team with Sheldon Gross Realty.

Industrial
Prologis welcomes global food ingredients supplier to new 574,000 sq. ft. South Jersey facility

Prologis Inc. has filled some 574,000 square feet of new logistics space in Gloucester County, now a key distribution center for a global supplier of cocoa, coffee, dairy, nuts and spices.

Industrial
Boniakowski: Construction, landscape equipment firm buys Hillsborough site for $3.2 million

A construction and landscape equipment company has purchased an 8,000-square-foot industrial building on six acres in Hillsborough, in a newly announced deal by The Boniakowski Commercial Real Estate Group.

Industrial
Legacy, Commerce Park buy 27,000 sq. ft. industrial property in Totowa

A joint venture has acquired a nearly 27,000-square-foot industrial building in Totowa with plans to modernize and reposition it as a mixed-use commercial property.

Finance & Capital Markets
CrownPoint lands construction loan for 854-unit South River self-storage project, JLL says

CrownPoint Group has closed on construction financing for a planned 854-unit self-storage facility in Middlesex County, according to a debt placement team with JLL.

Industrial
March lands full-building tenant, refinances new 70,000 sq. ft. warehouse in Wayne

March Construction has filled some 70,000 square feet of new warehouse space in Wayne after a recent lease with a fast-growing importer of nuts, dried fruits, herbs and spices.

Top News
Newark Regional Business Partnership launches Real Estate Council with industry heavyweights

The Newark Regional Business Partnership, the longtime host of a signature commercial real estate event, is doubling down on its ties to the industry with a newly formed advisory group.

Finance & Capital Markets
G.S. Wilcox arranges loans totaling $25.5 million for New Jersey, Pennsylvania warehouses

The owner of a new 70,000-square-foot industrial property in Wayne has closed on $15 million in financing, in one of two newly announced deals by G.S. Wilcox & Co.