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 191,000 sq. ft. industrial building coming to Route 1 in North Brunswick, C&W says

The developer of what will be nearly 200,000 square feet of new industrial space in North Brunswick has tapped Cushman & Wakefield to lease the property.

Industrial
Larken announces new leases, expansion at 550,000 sq. ft. Hillsborough business park

Larken Associates has announced nearly 9,000 square feet in new leasing at its 550,000-square-foot Hillsborough Business Center in Somerset County.

People
Woodmont makes five new hires to support growing portfolio, development pipeline

Woodmont Properties has announced five new hires across its multifamily development, industrial, legal and marketing teams.

Industrial
STRO, Hispanic foods company sign 20,000 sq. ft. lease in Hackensack

The STRO Cos. has leased nearly 20,000 square feet of industrial space in Hackensack to a national food distributor, the real estate firm announced Tuesday.

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.