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.

Finance & Capital Markets
Bergen County warehouse owner lands $13 million loan, G.S. Wilcox says

The owner of a 106,000-square-foot warehouse in Allendale has secured $13 million in financing, in a newly announced transaction by G.S. Wilcox & Co.

Industrial
Woodmont Industrial adds preleased 212,000 sq. ft. warehouse in Palm Beach County

Woodmont Industrial Partners has expanded its portfolio outside New Jersey with the acquisition of a newly delivered, 212,000-square-foot warehouse in South Florida.

Industrial
NAI DiLeo-Bram signs 16,000 sq. ft. sublease at Union Twp. warehouse

A trucking company has subleased a 16,000-square-foot building in Union Township, under a newly announced transaction by NAI DiLeo-Bram & Co.

Events
The view from the top: A conversation with leaders in logistics real estate (SLIDESHOW)

Real Estate NJ was thrilled to welcome a sold-out crowd to our recent event — The View from the Top: A Conversation with Leaders in Logistics Real Estate — at The Highlawn in West Orange. More than 200 attendees turned out to hear from five top industry executives — Jeff Milanaik of Bridge Industrial, Fritz Wyler of Prologis, PJ Charlton of CenterPoint Properties, Britt Winterer of Link Logistics (a Blackstone company) and Rob Kossar of JLL — for a timely, wide-ranging discussion on the state of the industrial real estate market.

People
Denholtz names new general counsel, tapping former Monmouth Real Estate executive

Denholtz Properties has tapped a veteran of the former Monmouth Real Estate Investment Corp. as its new general counsel, the Red Bank-based firm announced.

Industrial
Ware Malcomb touts completion of 140,000 sq. ft. FreezPak facility near Port Newark

A joint venture has completed construction on a new 140,000-square-foot cold storage facility on the border of Newark and Elizabeth, the project’s design team announced Tuesday.

Industrial
Velocity, Binswanger tout sale of 20,000 sq. ft. Cherry Hill industrial property

Velocity Venture Partners has sold a 20,000-square-foot industrial flex property in Cherry Hill, in a newly announced transaction by Binswanger.

Industrial
Houston-based firm, capital partner buy 580,000 sq. ft. Bridgewater industrial park

An investment group led by a Houston-based firm has acquired an 18-building industrial park in Bridgewater, adding more than 580,000 square feet to its portfolio in the region.

Industrial
Bridge names Northeast acquisitions director amid new value-add platform

Bridge Industrial has named a new director of acquisitions in the Northeast as part of a series of recent moves by the fast-growing logistics and warehouse space developer.

Policy Page
Decarbonization, electrification journey driving investment and business decisions

As we celebrate Earth Day, it’s impressive to see how many more investment, siting, purchase and business decisions are being driven by growing public demand to reduce our carbon footprint. Government agencies, investors, consumers and businesses are quickly becoming aware of the need and benefits of embracing this paradigm shift. Owners and developers of commercial and industrial real estate property are increasingly accommodating their tenants’ demands for charging stations, solar panels and other brokered services. The popularity of electric vehicles (EV) continues to gain momentum across the globe as green investing is influencing automakers’ plans and the economics of owning an EV are becoming more favorable. Sustainability has become mainstream as society realizes its benefits, including lower costs, cleaner air, less traffic congestion, higher rate of return on investments, less dependence on foreign oil, better quality of life and less extreme weather.