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
Avison Young touts sale of ex-manufacturing site in East Rutherford to Deugen

Avison Young has announced the sale of a onetime manufacturing site in East Rutherford that will soon become a new warehouse facility built by Deugen Development.

Professional Services
Inside C&W’s ambitious plan to add talent, market share in long-established New Jersey office

Cushman & Wakefield is revamping how it identifies and pursues new business opportunities, all while rethinking its brokers’ approach to serving clients and advancing the long-held goal of creating a one-stop shop for its many disciplines and service lines.

Industrial
Realterm adds 12,000 sq. ft. Linden truck terminal, in NAI Hanson-brokered deal

An investment manager has added to its growing New Jersey real estate portfolio, acquiring a 12,000-square-foot industrial property some 10 miles from Port Newark-Elizabeth.

Industrial
Larken, flooring company sign 1,100 sq. ft. lease at Hillsborough flex campus

A flooring business is among the newest tenants at Larken Associates’ sprawling Hillsborough Business Center off Route 206, where it has leased nearly 1,100 square feet.

Industrial
Russo, PGIM set to break ground on 200,000 sq. ft. Mahwah industrial project

Russo Development and PGIM Real Estate have completed demolition of a defunct office complex in Mahwah, paving the way for construction of a new 200,000-square-foot industrial building at the site.

Finance & Capital Markets
BBCP inks $44 million refi for six-building, 390,000 sq. ft. Bergen County flex portfolio

The owner of nearly 390,000 square feet of flex commercial space in Allendale has refinanced the portfolio for $44 million, in a newly announced deal by Black Bear Capital Partners.

Industrial
NAI Hanson: 5.6-acre New Brunswick parcel sold, slated for outdoor container storage

An industrial user has purchased a 5.6-acre parcel along one of New Brunswick’s key industrial corridors, according to a brokerage team with NAI James E. Hanson.

Industrial
CenterPoint eyes groundbreaking for new 322,000 sq. ft. Linden industrial project

CenterPoint Properties is set to expand its holdings in New Jersey with a project that will add more than 320,000 square feet of modern industrial space to Route 1 & 9 in Linden.

Industrial
Avison Young: Food service delivery firm takes 40,000 sq. ft. at Fairfield warehouse

Longpoint Realty Partners LP has secured a tenant for a nearly 40,000-square-foot industrial property in Fairfield, following its acquisition of the building last year.

Industrial
BRC inks sale of 10,000 sq. ft. Elizabeth industrial building

A nearly 10,000-square-foot industrial building in Elizabeth has traded for $2.2 million, in a newly announced transaction by Bussel Realty Corp.