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
IDI plans new industrial developments after acquiring office sites in Piscataway, Ewing

IDI Logistics has bolstered its development pipeline in the state with its purchase of office properties in Piscataway and Ewing, with plans to redevelop both as industrial space.

Finance & Capital Markets
JLL sources acquisition loan for Paterson warehouse, outdoor storage site

A real estate firm has secured financing to acquire a fully leased, 66,000-square-foot light industrial building and outdoor storage space in Paterson, under a deal arranged by JLL.

Industrial
Connors inks sale of 30,000 sq. ft. Passaic warehouse

The William F. Connors Agency has announced the sale of a 30,000-square-foot industrial building in Passaic.

Industrial
Blau & Berg represents buyer, seller in trade of 4.3-acre industrial lot in South Plainfield

The Blau & Berg Co. has completed the sale of more than four acres of outdoor industrial storage space in South Plainfield, less than two miles from Interstate 287.

Industrial
NAI Hanson completes lease for Jersey City industrial lot

A contractor that serves water, waste and energy utilities has leased more than three quarters of an acre in Jersey City, in a newly announced transaction by NAI James E. Hanson.

Industrial
Newmark inks final deal in sale of $100 million light industrial portfolio in Somerset, Warren

Newmark has brokered the sale of two buildings in Somerset County with a combined 236,000 square feet, completing the trade of a portfolio valued at more than $100 million.

Finance & Capital Markets
Advance, Greek land $227 million in financing for next phases of Linden, Logan logistics parks

Advance Realty Investors and Greek Development have closed on more than $227 million in financing for their ongoing high-profile industrial developments in Linden and Logan Township.

Office
Denholtz sells 238,000 sq. ft. office, flex portfolio in Hamilton, in Newmark-brokered deal

Denholtz Properties has sold nearly 240,000 square feet of office and flex space in Hamilton as part of a newly announced, $26.5 million deal arranged by Newmark.

Industrial
Developer sells 14,000 sq. ft. industrial space under construction in Sparta, NAI Hanson says

The site of a nearly 15,000-square-foot industrial building under construction in Sparta has traded for $2.1 million, in a newly announced deal by NAI James E. Hanson.

Industrial
Chilmark: Flooring company expands in Allendale with another 24,000 sq. ft.

A flooring company has expanded its footprint in Allendale with a newly completed lease for nearly 24,000 square feet, according to a broker with Chilmark Real Estate Services.