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
C&W: First National Realty sells 80,000 sq. ft. flex park on Route 9

A private equity firm has sold a nearly 80,000-square-foot flex campus in Old Bridge, in a transaction arranged by Cushman & Wakefield.

Industrial
Buyer adds 138,000 sq. ft. Linden industrial property for $15 million, BRC says

An industrial buyer has paid $15 million for a multitenant, 138,000-square-foot property in Linden, in a newly announced transaction by Bussel Realty Corp.

Technology
Solar Landscape completes first-round projects, eyes year two of state pilot program

Solar Landscape has completed its eighth and final project under the first year of a state program that uses commercial-scale installations to create discounted energy for residents.

Industrial
Avison Young adds Troiano, Gianis to New Jersey industrial team

Avison Young has hired two veteran brokers as the latest additions to its New Jersey industrial services team.

Industrial
Salem County self-storage asset sells for $2.5 million, Marcus & Millichap says

Marcus & Millichap has negotiated the sale of Woodstown Mini Storage, a 22,480-square-foot self-storage facility in the Salem County township of Pilesgrove.

Industrial
Faropoint adds 140,000 sq. ft. warehouse in Delanco sale-leaseback deal, NAI Mertz says

Faropoint has added to its New Jersey portfolio with the purchase of a 140,000-square-foot industrial building in Burlington County, in a newly announced deal by NAI Mertz.

Industrial
E-commerce firm takes 54,000 sq. ft. at Denholtz-owned property in Eatontown

An affiliate of Denholtz Properties has leased 54,000 square feet of commercial space in Eatontown to a Brooklyn-based e-commerce company, according to Zimmel Associates.

Top News
JLL: Buyer wanted for 127,000 sq. ft. CAE training center in Whippany

The site of a fully leased aviation training center in Morris County is on the market for sale, in a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Distributor, sponge maker combine for 172,000 sq. ft. in Pennsauken, Colliers says

A mobile accessory distributor has leased more than 110,000 square feet of new industrial space in Pennsauken, in one of two newly announced transactions by Colliers.

Industrial
Industrial leasing, pricing starts strong in 2022 amid ongoing supply constraints in New Jersey

Rents for warehouse and logistics space continue to climb across much of New Jersey, where landlords saw a first-quarter uptick in leasing activity after a momentary lull in late 2021.