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
NAI Hanson: Floral designer outgrows home office, takes 2,000 sq. ft. at Sparta flex building

A floral designer has leased more than 2,000 square feet at an industrial flex building in Sparta, in a newly announced deal by NAI James E. Hanson.

Industrial
Endurance, JLL ink leases at new two-building, 289,000 sq. ft. industrial park in Burlington

Endurance Real Estate Group LLC has completed two leases that have helped fill nearly 300,000 square feet of newly delivered warehouse space in Burlington Township.

Industrial
Blau & Berg: State extends 13,000 sq. ft. lease at East Hanover industrial, research building

The state of New Jersey has extended its lease for more than 13,000 square feet at an East Hanover industrial building, brokers with The Blau & Berg Co. announced Tuesday.

Industrial
Marcus Partners acquires soon-to-be-vacant, 112,000 sq. ft. industrial building in Boonton

Marcus Partners has added to its holdings in northern New Jersey with the purchase of more than 110,000 square feet of industrial space in Boonton.

Event Coverage
NAIOP New Jersey honors seasoned executives, aspiring leaders at annual awards dinner, in show of strength for state’s commercial real estate industry

Commercial real estate leaders descended on East Rutherford on Monday night for NAIOP New Jersey’s annual President’s Awards and Hall of Fame Dinner, where the chapter honored a group of well-known executives and service providers for their contributions to the industry.

Technology
Solar Landscape plans more than 100 new hires in 2024 to support its rapid growth

Solar Landscape plans to add more than 100 employees in 2024, the Asbury Park-based firm announced, as it eyes continued growth and cements its place as a leading provider of solar energy to lower-income households across the state and nationally.

Finance & Capital Markets
G.S. Wilcox sources $16 million loan for ShopRite-anchored center in Flemington

The owner of a grocery-anchored shopping center on Route 202 in Flemington has snagged $16 million in financing, in a transaction arranged by G.S. Wilcox & Co.

Industrial
Food distributor signs 80,000 sq. ft. renewal at Edison industrial building, BRC says

A food distributor has renewed its lease at an 80,000-square-foot industrial building in Edison, in a newly announced deal by Bussel Realty Corp.

Professional Services
Sheldon Gross tapped to manage commercial portfolio in Union, Middlesex counties

The owner of an office and industrial portfolio in Union and Middlesex counties has tapped Sheldon Gross Realty to manage the properties.

Industrial
JLL: Urban Edge sells 1.2 million sq. ft. East Hanover industrial portfolio for $218 million

Urban Edge Properties has sold a seven-building, 1.22 million-square-foot light industrial portfolio in East Hanover for nearly $218 million, brokers with JLL announced Thursday.