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
Duke acquires single-tenant, 469,000 sq. ft. distribution center in Piscataway

Duke Realty Corp. has announced its recent acquisition of a fully leased, 469,600-square-foot industrial building in Piscataway.

Professional Services
Blau & Berg promotes two veteran brokers

The Blau & Berg Co. has announced the promotion of two veteran brokers on its team.

Industrial
AY: Cooking oil management, cleaning business takes 27,000 sq. ft. at Kearny industrial park

A restaurant service business has leased more than 27,000 square feet of industrial space in Kearny, in a transaction by brokers with Avison Young.

Industrial
Larken fills 18,000 sq. ft. at newly expanded industrial, flex buildings in Hillsborough

Larken Associates has announced the completion and lease-up of two newly expanded buildings within its 100-acre, 550,000-square-foot industrial and flex park in Hillsborough.

Industrial
Thor acquires 131,000 sq. ft. industrial complex in Newark

Thor Equities Group has added more than 130,000 square feet of industrial space in New Jersey with its acquisition of a two-building complex in Newark.

Events
NAIOP New Jersey to honor Preston, other industry leaders at 35th annual gala

A longtime development executive will headline the slate of honorees at this year’s NAIOP New Jersey gala, where the organization will also highlight two key service professionals and the firm behind several high-profile projects in the state.

Industrial
Peak Construction celebrates banner year, 25th anniversary amid growing client base

Peak Construction Corp., a design-build firm with a growing footprint in New Jersey, is celebrating a banner year as it also marks the 25th anniversary of its founding.

Industrial
Rockefeller buys 58-acre redevelopment site near Exit 9, in NAI Fennelly-brokered deal

An affiliate of the Rockefeller Group has acquired the site of a vacant 58-acre manufacturing complex in Spotswood — about a 10-minute drive from the New Jersey Turnpike — in a transaction arranged by brokers with NAI Fennelly.

Industrial
Avison Young: Prologis acquires Dayton parking, maintenance site in sale-leaseback

Prologis has acquired a 10-acre parking and maintenance property in South Brunswick that it’s now leasing back to the seller and other tenants, according to brokers with Avison Young.

Industrial
CBRE: Central Jersey cracks top 10 for large industrial leases, with 4.6 million sq. ft. in 2021

Five of the nation’s 100 largest industrial leases in 2021 occurred in central New Jersey, according to CBRE, accounting for 4.6 million square feet as deal sizes continue to grow.