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
Invesco, Baranof acquire newly built self-storage facility in Red Bank

A joint venture led by Invesco Real Estate has purchased a nearly 60,000-square-foot self-storage facility in Red Bank, in a transaction arranged by Cushman & Wakefield.

Industrial
Investors buy Central Jersey warehouse, development sites in deals worth $54 million

A joint venture has made three new additions to its New Jersey industrial holdings, acquiring a long-term investment property and two development sites for a combined $54 million.

Industrial
BRC: Logistics firm doubles footprint in Edison, expands lease to 180,000 sq. ft.

A third-party logistics firm has taken more than 92,000 square feet of additional space in Edison, doubling its footprint within a portfolio owned by Heller Industrial Parks.

Industrial
Connors completes sale of 20,000 sq. ft. North Bergen warehouse

A private buyer has closed on a 20,000-square-foot industrial property in North Bergen, according to a broker with The William F. Connors Agency.

Industrial
Elberon, Avidan sell 139,000 sq. ft. freezer warehouse in Elizabeth

The developers of a nearly 140,000-square-foot freezer warehouse and food distribution facility in Elizabeth have sold the property, brokers with JLL announced Thursday.

Finance & Capital Markets
C&W sources $42.75 million acquisition loan for Logan industrial park

Cushman & Wakefield advised Stalwart Equities in securing nearly $43 million in acquisition financing for Logan Township Industrial Park, a 171.3-acre site in Logan Township.

Top News
Diversified donates newly built self-storage space to Montville nonprofit

The developer of a new 755-unit self-storage facility in Montville has donated one of the spaces to a local nonprofit that provides clothing and other essential items to marginalized people.

Industrial
Duke Realty kicks off 217,000 sq. ft. spec warehouse in Piscataway

Duke Realty Corp. has broken ground on nearly 220,000 square feet of speculative industrial space in Piscataway, as it adds to its footprint in the fast-growing submarket.

Industrial
Event management firm takes industrial space in Cedar Knolls, NAI Hanson says

An event management business has leased space at an industrial building in the Cedar Knolls section of Hanover, under a deal arranged by NAI James E. Hanson.

Government & Public Policy
Industrial builders flock to Franklin after zoning change, bringing new life to aging office sites

Franklin Township has more than 4 million square feet of industrial space in its development pipeline — most of it in the town’s well-known Somerset section — with a growing list of projects that call for razing and repurposing the sites of outdated office buildings.