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
Marcus brokers sale of 45,000 sq. ft. flex industrial complex in Toms River

A private buyer has purchased a two-building, 45,000-square-foot flex industrial property in Toms River, brokers with Marcus & Millichap announced Wednesday.

Professional Services
Garibaldi Group announces new, multigenerational leadership structure

The Garibaldi Group has made a major change to its leadership structure, including a move that brings the firm’s fourth generation into the uppermost ranks of its management team.

Industrial
Health, quality of life a growing focus in designing warehouse and logistics buildings

The race to attract quality labor has led industrial developers and users to focus increasingly on wellness-oriented design and features, but that shift has become all the more important in recent months as occupiers look to keep employees safe from COVID-19.

Industrial
Endurance, PCCP announce 58,000 sq. ft. industrial lease in Delran

A joint venture has inked a nearly 58,000-square-foot industrial lease in Burlington County, securing a full-building commitment from an area pet store operator.

Professional Services
BRC: Newest sales associate to focus on luring businesses from Brooklyn

Bussel Realty Corp. has made another addition to its brokerage team with the hiring of a former real estate executive for a consumer electronics company.

Industrial
Newmark Group adds six New Jersey industrial brokers among 11 new hires

Newmark Group Inc. has expanded its New Jersey industrial team with six new brokers, who are among 11 newly added professionals across its offices in North America.

Industrial
Urban Edge signs 130,000 sq. ft. industrial lease at converted retail building in Lodi

A developer that is converting a Lodi retail building into industrial space has landed a tenant for the project, inking a 130,000-square-foot lease with a grocery wholesaler.

Finance & Capital Markets
Investors Bank touts $90 million in New Jersey loans among recent CRE activity

Investors Bank has closed nearly a dozen commercial real estate loans valued at $227 million in recent months, including more than $90 million in transactions for its New Jersey clients.

Industrial
Data services firm expands, takes 27,000 sq. ft. in South Hackensack, NAI Hanson says

An IT services firm is expanding in South Hackensack, where’s it’s leasing more than 27,000 square feet of industrial space at a building just north of Interstate 280.

Events
NAIOP honors deals of the year, industry icons as virtual gala marks 50th anniversary

The state’s commercial real estate community gathered virtually on Wednesday as NAIOP New Jersey honored a group of transformative projects and industry leaders, including the family of a developer who helped found the chapter a half-century ago.