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.

Top News
Inside the deal to create Newark’s ‘mini-Hollywood’ at new $125 million studio complex

Plans to build a $125 million television and film production studio in Newark’s South Ward are expected to help cement efforts to build a durable infrastructure for the industry in New Jersey. They’re also the culmination of decades of wishful thinking in the city and, more recently, years of complicated deal-making that involved some of state’s biggest players, including Gov. Phil Murphy, as part of an aggressive push to attract productions and studio operations.

Industrial
Zimmel: Investor buys 30,000 sq. ft. Monmouth flex building, development site

An investment group has purchased a 30,000-square-foot flex building in Aberdeen, with plans to build a new structure alongside it thanks to an approval secured by the seller.

Industrial
Cell tower repair business takes 6,200 sq. ft. in Hackensack

NAI James E. Hanson has negotiated a 6,200-square-foot lease for industrial space at 262 Hudson St. in Hackensack.

Industrial
Forsgate acquires 4.6-acre Meadowlands development site, NAI Hanson says

Forsgate Industrial Partners has acquired a former hotel property in Lyndhurst that figures to be a prime development parcel at the intersection of two major highways.

People
STRO names new director of construction

The STRO Cos. has hired a 15-year construction industry veteran to support its in-house team and the ongoing growth of its commercial real estate portfolio.

Industrial
Deugen plans early 2023 delivery for new 47,000 sq. ft. Meadowlands warehouse facility

Deugen Development has broken ground on a project that will bring nearly 50,000 square feet of much-needed, modern industrial space to the Meadowlands submarket.

Industrial
Developers set to begin three-building, 1.1 million sq. ft. logistics park in Sayreville

A joint venture has closed on a 74-acre parcel in Sayreville, where it now plans to develop nearly 1.1 million square feet of modern industrial space across three buildings.

Industrial
NAI Hanson inks sale of 54,000 sq. ft. Mahwah industrial building

An e-commerce user has purchased a 54,000-square-foot industrial building in Mahwah, in a newly announced transaction by NAI James E. Hanson.

Professional Services
Avison Young announces key moves in New Jersey finance, operations roles

Avison Young has named its first-ever director of finance for the Northeast region while hiring a new operations manager for its New Jersey offices.

Industrial
Middlesex County industrial building fetches $4.1 million, Deluccia says

A buyer has paid more than $4 million for a roughly 31,000-square-foot industrial building in Middlesex County, according to a brokerage team with Deluccia Commercial Group.