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
Newark’s Ballantine Industrial Center fully leased after 21,000 sq. ft. deal, NAI Hanson says

A business that serves the fashion industry has expanded its footprint at the former Ballantine Brewery complex in Newark, bringing the sprawling property to full occupancy.

Top News
L’Oréal details plan for new $140 million research, innovation center in Clark

L’Oréal USA has unveiled plans for a new $140 million research and innovation center in Clark, where it’s replacing facilities that it has occupied in the area for more than six decades.

Industrial
Prologis, Dotcom Distribution ink 400,000 sq. ft. extension in Edison, Avison Young says

Prologis Inc. and Dotcom Distribution, an e-commerce fulfillment provider, have signed a lease extension for more than 400,000 square feet of industrial space in Edison.

Professional Services
NAI Hanson promotes two to associate vice president

NAI James E. Hanson has promoted brokers Lorenzo Lambiase and Cameron Silverstein to the role of associate vice president, the Teterboro-based firm announced Monday.

Industrial
Developer eyes 1.2 million sq. ft. industrial project in Northeast Pennsylvania, JLL says

A national investor has acquired an 85-acre development site in Pennsylvania, about 20 miles outside New Jersey, with plans to build 1.2 million square feet of modern industrial space.

Top News
Construction set to begin on 155,000 sq. ft. Brookfield industrial building in Fair Lawn

Brookfield Properties is bringing more than 150,000 square feet of new industrial space to the Bergen County borough of Fair Lawn, with construction set to begin in the months ahead.

Industrial
Two-building, 125,000 sq. ft. flex complex in Florham Park trades for $22.5 million

The longtime owner of a nearly 125,000-square-foot flex industrial complex in Florham Park has sold the property for $22.5 million, in a deal arranged by McBride Corporate Real Estate.

Industrial
Division of HVAC giant Watsco takes 24,000 sq. ft. at Lakewood warehouse

A subsidiary of HVAC distributor Watsco Inc. has leased 24,000 square feet of warehouse space in Lakewood, according to a legal team with Bertone Piccini LLP.

Top News
Developer eyes Q1 groundbreaking for massive studio campus in Bayonne, Turner says

Construction is set to begin early next year on a planned 1.5 million-square-foot film and television studio complex in Bayonne, according to a team with Turner Construction Co.

Industrial
JLL: Buyer sought for Middlesex County industrial buildings totaling 574,000 sq. ft.

Two industrial buildings in Middlesex County have hit the market for sale, with the potential to trade for a combined price of around $170 million.