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
Woodmont adds industrial associate amid continued development, investment plans

Woodmont Industrial Partners has made an addition to its Fairfield-based team, as it eyes continued expansion in both the Northeast and other top logistics markets.

Industrial
Russo, Onyx see new frontier with rare large-scale industrial project in Morris County

Russo Development and Onyx Equities are banking on the need for local distribution space — and the rise of secondary industrial markets in New Jersey — after recently acquiring a coveted development site in East Hanover.

Industrial
Larken starts construction at 150,000 sq. ft. flex industrial park in Flemington

Larken Associates has broken ground on a four-building, 150,000-square-foot flex industrial park in Flemington.

Industrial
Tulfra sells 37,000 sq. ft. Whippany light industrial building for $7.3 million

Tulfra Real Estate has sold a 37,000-square-foot commercial building in Hanover for more than $7 million, completing a value-add plan for a property that it purchased in 2014.

Industrial
Co-warehousing firm takes 165,000 sq. ft. in Saddle Brook, its largest location to date

A provider of shared warehouse and office space has taken nearly 165,000 square feet in Saddle Brook, marking its largest location to date in a portfolio of more than two dozen sites.

Finance & Capital Markets
Newmark: Owner of net-leased portfolio, including N.J. warehouse, refis for $525 million

The owner of a multistate, 6.8 million-square-foot industrial portfolio that includes a nearly 143,000-square-foot warehouse in Morris County has refinanced for $525 million.

Industrial
NAI Hanson inks sale of 28,000 sq. ft. Hackensack industrial building

Brokers with NAI James E. Hanson have announced the sale of a fully leased, 28,000-square-foot industrial building in Hackensack.

Industrial
Fennelly: Manufacturer sells 28,000 sq. ft. Monroe building, longtime HQ for $3.8 million

A manufacturer has sold a nearly 28,000-square-foot light industrial building in Monroe Township for $3.8 million, under a deal arranged by NAI Fennelly.

Finance & Capital Markets
JLL inks $10 million loan for Cohen warehouse deal in Jersey City

An investment group has purchased a nearly 66,000-square-foot warehouse in Jersey City with the help of a $10.25 million acquisition loan, JLL’s New Jersey capital markets team announced.

Industrial
Going fast: New report details shrinking lease-up times for spec warehouse space

Newly built speculative industrial space in northern New Jersey is leasing in less than two months on average, in the latest sign of the market’s ongoing supply and demand imbalance.