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
Co-warehousing firm takes 165,000 sq. ft. in Saddle Brook, its largest location to date

A provider of shared warehouse and office space has taken nearly 165,000 square feet in Saddle Brook, marking its largest location to date in a portfolio of more than two dozen sites.

Finance & Capital Markets
Newmark: Owner of net-leased portfolio, including N.J. warehouse, refis for $525 million

The owner of a multistate, 6.8 million-square-foot industrial portfolio that includes a nearly 143,000-square-foot warehouse in Morris County has refinanced for $525 million.

Industrial
NAI Hanson inks sale of 28,000 sq. ft. Hackensack industrial building

Brokers with NAI James E. Hanson have announced the sale of a fully leased, 28,000-square-foot industrial building in Hackensack.

Industrial
Fennelly: Manufacturer sells 28,000 sq. ft. Monroe building, longtime HQ for $3.8 million

A manufacturer has sold a nearly 28,000-square-foot light industrial building in Monroe Township for $3.8 million, under a deal arranged by NAI Fennelly.

Finance & Capital Markets
JLL inks $10 million loan for Cohen warehouse deal in Jersey City

An investment group has purchased a nearly 66,000-square-foot warehouse in Jersey City with the help of a $10.25 million acquisition loan, JLL’s New Jersey capital markets team announced.

Industrial
Going fast: New report details shrinking lease-up times for spec warehouse space

Newly built speculative industrial space in northern New Jersey is leasing in less than two months on average, in the latest sign of the market’s ongoing supply and demand imbalance.

Industrial
Investor buys 8,700 sq. ft. ex-bakery facility in Carlstadt, Marcus says

A private investor has purchased a nearly 9,000-square-foot industrial building in Carlstadt for $2.7 million, brokers with Marcus & Millichap announced Monday.

Event Coverage
Panel: Environmental, social and governance goals play a growing role in CRE investing

Commercial real estate investors are increasingly focused on environmental, social and governance initiatives, or ESG, as they look to the future of their portfolios, partnerships and daily business operations.

Industrial
NAI Hanson inks sale of 6,500 sq. ft. Hackensack industrial property

An investment firm has purchased a 6,500-square-foot industrial flex building in Hackensack, under a newly announced transaction by NAI James E. Hanson.

Industrial
CBRE: Rockaway industrial building sells for $20 million, with Party City set to depart

An investor has purchased a Rockaway industrial building that has served as office space in recent years but will now go back to its original use, brokers with CBRE announced.