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
New spec 610,000 sq. ft. warehouse on track for summer delivery, JLL says

A developer is set to complete a project that will bring more than 600,000 square feet of new high-end logistics space to Burlington County, according to a leasing team with JLL.

Industrial
Vantage Commercial: E-commerce site takes 21,000 sq. ft. for new Pennsauken headquarters

An e-commerce business has leased nearly 21,000 square feet of warehouse and office space in Pennsauken, in a newly announced transaction by Vantage Commercial.

Industrial
Fennelly: Developer eyes 130,000 sq. ft. industrial project after assembling Millstone site

A developer hopes to build more than 130,000 square feet of new industrial space in Monmouth County after acquiring 11 acres just north of Interstate 195.

Residential & Mixed Use
NAIOP gala honors top real estate players and projects, as honorees tout chapter’s role

NAIOP New Jersey’s annual gala drew a registered crowd of more than 800, in an event that celebrated the state’s commercial real estate sector and the association that guides it.

Industrial
Fuller Ingredients, Porcelanosa ink leases at Allendale flex industrial campus

NAI James E. Hanson has negotiated two leases for a combined 27,000 square feet at an industrial flex complex in Allendale.

Industrial
Construction underway at 1.2 million sq. ft. Crow Holdings industrial park in Carteret

A new three-building, 1.2 million-square-foot logistics park is quickly taking shape in Carteret, helping to revitalize a site that had been plagued by decades of contamination.

Industrial
C&W: Penwood, Metrix sell 171,000 sq. ft. Hamilton warehouse after redevelopment

A joint venture has sold more than 170,000 square feet of newly built industrial space along Route 130 in Hamilton, brokers with Cushman & Wakefield announced Tuesday.

Industrial
Prologis to add 9.6 million square feet in New Jersey with Duke Realty acquisition

Prologis Inc. will add nearly 10 million square feet to its New Jersey portfolio after agreeing to acquire Duke Realty Corp., in an all-stock, $26 billion transaction that spans more than 150 million square feet of combined industrial space in 19 major U.S. markets.

Professional Services
Savills taps real estate, finance veteran as head of Northeast research team

Savills has named a new senior director for its Northeast research group, tapping a longtime finance and commercial real estate professional for the role.

Professional Services
Fauer retires as head of ESA Environmental, with Martell taking over as CEO and owner

The founder and longtime owner of ESA Environmental Consultants has stepped down, having handed the reins to his second-in-command at the Middlesex-based firm.