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
JLL inks $61 million refi for 200,000 sq. ft. outer boroughs industrial portfolio

Seagis Property Group LP has landed nearly $61 million to refinance seven light industrial buildings in New York City, in a deal by JLL’s Morristown-based capital markets team.

Events
United Way unveils finalists for annual North Jersey real estate event, its largest fundraiser

The United Way of Northern New Jersey has revealed this year’s honorees at an annual fundraiser that draws support from hundreds of commercial real estate industry leaders.

Industrial
Velocity inks three flex leases for 40,000 sq. ft. in Marlton, NAI Mertz says

Velocity Venture Partners has signed three new leases at a recently acquired, 160,000-square-foot flex industrial park in Burlington County, in a series of deals by NAI Mertz.

Industrial
NAI Hanson: Maywood building changes hands, slated to become industrial space

An industrial user has purchased the site of an adult daycare center in Bergen County, with plans to occupy the nearly 17,500-square-foot building after completing a retrofit of the space.

Industrial
Becker, Greenwood purchase Montclair warehouse for $2.1 million, Kislak says

A joint venture has purchased a 14,000-square-foot industrial building in Montclair for $2.1 million, in a deal arranged by Kislak Commercial Real Estate Services Inc.

Industrial
Marcus: Passaic County industrial building sells for $3.1 million

A private buyer has acquired a 35,000-square-foot industrial building in the Passaic County borough of Ringwood, brokers with Marcus & Millichap announced Monday.

Industrial
S. Hekemian Group, JLL ink sale of Newark warehouse for more than $800 per square foot

The S. Hekemian Group has sold a newly built, 76,000-square-foot industrial building just north of Interstate 78 in Newark, achieving a record price of more than $820 per square foot.

Deals
Investment firm sells 64,000 sq. ft. flex building in Gloucester Co., WCRE says

A local owner has sold a 64,000-square-foot flex building in the Gloucester County Township of West Deptford, according to brokers with Wolf Commercial Real Estate.

Industrial
ReadySpaces takes 126,000 sq. ft. in Kearny for co-warehousing firm’s third N.J. location

Co-warehousing firm ReadySpaces has added a third New Jersey location and its second this year, leasing 126,000 square feet at a Kearny industrial building.

Finance & Capital Markets
Lender provides $7.9 million for plans to convert Montclair, Clifton commercial buildings

A national private direct lender has closed nearly $8 million in financing for projects that will reposition vacant buildings in Montclair and Clifton.