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
Doren Development, towing firm ink new lease for Irvington industrial outdoor storage site

Doren Development has secured a tenant for two acres of newly vacant industrial outdoor storage property in Irvington, the firm announced last week.

Industrial
Stonemont adds to New Jersey holdings with 67,000 sq. ft. industrial service facility in Logan

Stonemont Financial Group has acquired a 67,000-square-foot industrial service facility in Logan Township, expanding its holdings in the Northeast and in a growing asset class.

Industrial
Packaging startup takes 210,000 sq. ft. at new Greek, Principal warehouse in Pennsylvania

Greek Real Estate Partners and Principal Asset Management have filled a new industrial facility in Pennsylvania, leasing more than 210,000 square feet to a robotics-driven packaging firm.

Industrial
Crow Holdings eyes third Philly project after acquiring site for 104,000 sq. ft. warehouse

Crow Holdings Development has acquired a parcel in Philadelphia with full approvals in place for nearly 104,000 square feet of new high-end logistics space.

Finance & Capital Markets
Cooper Horowitz: Self-storage builder lands $14 million construction loan

The developer of a new self-storage facility in Mount Laurel has secured more than $14 million in construction financing, in a deal arranged by Cooper Horowitz.

Technology
JLL: Banking, AI fueling continued growth of New Jersey data center market, despite hurdles

Despite rising energy costs and major capacity shortfalls, New Jersey continues to draw interest as a destination for new data center development.

Government & Public Policy
Murphy supersizes New Jersey community solar program, signs law to add 3,000 megawatts

New Jersey’s pioneering community solar program is poised for a massive expansion under a bill signed into law Friday by Gov. Phil Murphy.

Industrial
Reports: Hampshire, Invesco sell Teterboro warehouse for $75 million in deal with Principal

Principal Real Estate Investors has acquired a more than 221,000-square-foot warehouse in Teterboro for nearly $75 million, according to published reports this week.

Industrial
NAIDB seeking investor, owner-user for 54,000 sq. ft. Middlesex industrial building

The owner of a 54,000-square-foot industrial building in Middlesex Borough has tapped NAI DiLeo-Bram & Co. to find a buyer for the property.

Featured
Going global: Inside the growth of Asian logistics firms in New Jersey’s industrial market

Asia-based third-party logistics firms have played an increasingly important role in New Jersey’s industrial sector, creating new demand and helping to fill excess inventory after a recent surge in speculative construction. How those firms will be impacted by outsized tariffs and the U.S. trade war with China remains to seen, but developers are optimistic about what is now an established class of tenants.