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
IDI acquires Somerset redevelopment sites, eyeing new industrial project

IDI Logistics has acquired two properties in the Somerset section of Franklin that it now plans to redevelop as a new high-end warehouse and distribution facility.

Industrial
Thor acquires 330,000 sq. ft. Passaic warehouse for $52 million

Thor Equities Group has acquired a fully leased, 330,000-square-foot industrial building in Passaic for $52 million, as it touts continued investment in the asset class and the region.

Industrial
C&W: Sitex Group sells five-building, 114,000 sq. ft. light industrial portfolio in Orange

Sitex Group has sold a nearly 114,000-square-foot portfolio of light industrial buildings in Orange, directly north of Interstate 280, in a transaction arranged by Cushman & Wakefield.

Industrial
Private equity firm buys 98,000 sq. ft. Clifton warehouse complex, Lee & Associates N.J. says

Longpoint Realty Partners LP has purchased a two-building, 98,000-square-foot warehouse complex in Clifton, in a deal arranged by Lee & Associates New Jersey.

Industrial
BRC inks 15,000 sq. ft. industrial lease in Linden with millwork business

A millwork business has signed a full-building, 14,500-square-foot commitment at a Linden industrial property, in a newly announced deal by Bussel Realty Corp.

Industrial
Denholtz acquires three-building, 359,000 sq. ft. Georgia industrial portfolio

Denholtz Properties has expanded its holdings outside New Jersey with the addition of nearly 360,000 square feet of multitenant industrial space in Savannah, Georgia.

Industrial
Industrial buyer adds 170,000 sq. ft. Linden warehouse portfolio in reported $90 million deal

An investment manager has purchased a two-building, 170,000-square-foot industrial portfolio in Linden, completing the latest acquisition by its growing Northeast office.

Finance & Capital Markets
Denholtz refis 84,000 sq. ft. light industrial complex in East Brunswick, JLL says

Denholtz Properties has refinanced a two-building, 84,000-square-foot light industrial portfolio in East Brunswick, according to a debt placement team with JLL.

Industrial
Petrucci: Logistics firm’s lease at Logan Twp. storage lot among 395,000 sq. ft. in new deals

J.G. Petrucci Co. Inc. has welcomed seven tenants to its portfolio in New Jersey and Eastern Pennsylvania after recently leasing nearly 400,000 square feet in 90 days.

Industrial
Realterm buys 34,000 sq. ft. Port Newark facility, in latest North Jersey deal

Logistics investor Realterm has acquired the site of a nearly 34,000-square-foot industrial building minutes from Port Newark, the firm announced Tuesday.