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
Faropoint sells multistate, 6.8 million sq. ft. industrial portfolio for $481 million

Investment firm Faropoint has sold a multistate, 6.8 million-square-foot portfolio of warehouse and light industrial properties for $481 million.

Industrial
Nail care company sells 152,000 sq. ft. Paterson facility in sale-leaseback deal

An investor has acquired an industrial building in Paterson as part of a sale-leaseback with a nail care company, in a newly announced transaction by NAI James E. Hanson.

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.