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
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.

Industrial
WCRE: Salem County building slated for food distribution use after recent sale

An investor has purchased a 25,000-square-foot industrial and cold storage building in Salem County, under a newly announced transaction by Wolf Commercial Real Estate.

Industrial
NAI Hanson inks sale of two-building industrial, flex complex in Clifton

A private investor has acquired more than 130,000 square feet of industrial and flex space in Clifton, in a newly announced transaction by NAI James E. Hanson.

Professional Services
Avison Young taps 40-year brokerage veteran for growing tristate team

Avison Young has named a new principal in the region as the latest addition to team of commercial real estate brokers.

Industrial
LEG set to break ground on 333,000 sq. ft. spec warehouse at Bayonne logistics hub

Lincoln Equities Group is set to begin construction on the latest piece of its new logistics campus in Bayonne, where plans call for another 333,000 square feet of speculative industrial space.

Industrial
Prologis plans 185,000 sq. ft. logistics center after buying Mount Laurel office building

Prologis has purchased a Mount Laurel office building that it now plans to redevelop as nearly 185,000 square feet of modern industrial space, in a newly announced deal by CBRE.

Industrial
Hampshire leases 102,000 sq. ft. at newly acquired, updated Allendale building, brokers say

The Hampshire Cos. has attracted two tenants to a Bergen County industrial building, leasing a combined 102,000 square feet in deals by NAI James E. Hanson and The Van Houten Group.

Professional Services
Two senior industrial brokers join Lee & Associates New Jersey as partners

Lee & Associates New Jersey has bolstered its team in the state with the addition of two veteran industrial real estate brokers.