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.

Community
Mc Gowan Builders CEO gifts $25,000 to Meadowlands Y, prepares to conclude board service

Mc Gowan Builders CEO Patrick Mc Gowan has made another sizable gift to the Meadowlands Area YMCA, donating $25,000 to the organization as he prepares to step down from its board.

Finance & Capital Markets
Ridgecut, Marcus Partners ink $9 million refi for South Plainfield industrial parcel, C&W says

A joint venture has secured nearly $9 million in financing for an industrial outdoor storage property in South Plainfield, in a deal arranged by Cushman & Wakefield.

Industrial
Petrucci breaks ground on 107,000 sq. ft. industrial building off I-295 in Salem County

J.G. Petrucci Co. Inc. has broken ground on its latest industrial project in South Jersey, a 107,000-square-foot facility just north of Interstate 295 in Salem County.

Industrial
NAI Hanson: Magnetic materials company signs 13,000 sq. ft. renewal in Mahwah

A firm that specializes in magnetic materials has renewed its lease in Mahwah, where it occupies more than 13,000 square feet of industrial flex space near Route 17.

Deals
Vacant 2.3-acre parcel in Howell fetches $875,000, Sheldon Gross says

A plot of undeveloped land spanning more than two acres has changed hands in Howell for $875,000, brokers with Sheldon Gross Realty announced this week.

Industrial
NAIDB: Industrial buildings in East Brunswick, Piscataway trade for combined $15.5 million

Two Middlesex County industrial buildings totaling 77,000 square feet have changed hands for a combined $15.45 million, in a set of newly announced deals by NAI DiLeo-Bram & Co.

Features
Korinis, outgoing CREW NJ president, reflects on chapter’s push to expand philanthropy, member benefits

Krista Korinis is set to step down as president of CREW NJ, following a one-year term that has focused on philanthropy, creating new value for members and expanding networking opportunities.

Industrial
Seagis acquires vacant 30,000 sq. ft. warehouse in Carlstadt

Seagis Property Group has acquired more than 30,000 square feet of warehouse space in Carlstadt that it now plans to upgrade and market for lease, the firm announced.

Industrial
Endurance, PCCP sell 342,000 sq. ft. light industrial portfolio in Burlington, Gloucester counties

A joint venture has sold more than 340,000 square feet of industrial space in Delran and Swedesboro after having acquired the buildings at the start of the COVID-19 crisis.

Community
Sanzari Family Foundation details $50,000 in fall grant funding for nonprofits, health care

The Alfred N. Sanzari Family Foundation has awarded 12 new grants totaling $50,000 that will support a series of community-focused programs throughout northern New Jersey.