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.

Events
ULI to honor top New Jersey projects, industry players at 2022 awards gala

The Urban Land Institute of Northern New Jersey is set to honor more than a dozen commercial real estate projects, deals and industry leaders as part of its upcoming annual awards gala.

Finance & Capital Markets
C&W: Camber adds 260,000 sq. ft. Pine Brook warehouse with $25 million acquisition loan

Camber Real Estate Partners has landed nearly $25 million in financing for its purchase of an industrial building in Morris County, brokers with Cushman & Wakefield announced.

People
Saxum taps former REIT executive as new chief operating officer

Saxum Real Estate has named a new chief operating officer, tapping a veteran commercial real estate executive with a career that spans more than three decades.

Industrial
Larken, biomedical firm sign 3,000 sq. ft. expansion at Hillsborough business park

A life sciences firm has signed a 3,000-square-foot expansion at its longtime home at the Hillsborough Business Center, a sprawling campus owned by Larken Associates.

Industrial
Sheldon Gross: Stone supplier buys Plainfield storage, fabrication facility for $1.2 million

A marble and granite supplier has purchased an 18,000-square-foot industrial property in Plainfield, in a newly announced deal by Sheldon Gross Realty.

Industrial
BRC adds sales associate to brokerage division

Bussel Realty Corp. has announced the hiring of a new sales associate for its Edison-based brokerage division.

Industrial
Parking lot tech startup grows footprint with two-acre lease near Trenton, NAI Fennelly says

A technology-based parking lot operator has leased two acres of industrial land in Mercer County, under a newly announced deal by NAI Fennelly.

Industrial
Sitex acquires fully leased, 210,000 sq. ft. warehouse in North Bergen

Sitex Group has purchased a 210,000-square-foot industrial building in North Bergen, in a newly completed deal with an undisclosed seller.

Finance & Capital Markets
JLL sources $22 million acquisition loan for South Jersey, Pennsylvania light industrial deal

The new owner of more than 250,000 square feet of light industrial space in South Jersey and suburban Philadelphia has landed some $22 million in acquisition financing.

Industrial
Owner of I-78 campus in Hunterdon eyes new warehouse space after latest acquisition

A commercial real estate firm has expanded its New Jersey portfolio with the purchase of a warehouse and nearly 200 acres in Hunterdon County, according to Cushman & Wakefield.