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
Trucking firm’s office, storage facility in Green Brook trades for $1.5 million

A third-generation trucking firm has sold its office and depot facility in Somerset County for $1.5 million, in a newly announced deal by Deluccia Commercial Group.

Government & Public Policy
NAIOP New Jersey details Landante’s new role as director of communications, policy

NAIOP New Jersey has announced the addition of a public affairs and public relations veteran as its newest director of communications and policy.

Industrial
Blau & Berg inks purchase, lease of Linden trucking facility

The site of a warehouse and truck trailer storage facility in Linden has attracted a new tenant after recently changing hands, in a series of deals by The Blau & Berg Co.

Industrial
CBRE inks $15 million sale of 91,000 sq. ft. industrial park, development site in Freehold

An industrial buyer has added six buildings in Freehold totaling nearly 91,000 square feet, part of a $15.2 million deal announced Wednesday by CBRE.

Industrial
Connors brokers sale of 25,000 sq. ft. Kearny industrial building

The William F. Connors Agency has completed the sale of a nearly 25,000-square-foot industrial property in Kearny, the Bayonne-based brokerage firm announced Wednesday.

Industrial
Ivy Realty adds 172,000 sq. ft. Camden County industrial portfolio for $19 million

Investment firm Ivy Realty has purchased a pair of single-tenant industrial buildings in Camden County for $19.25 million, adding more than 170,000 square feet to its portfolio.

Industrial
Cedar Knolls building fully leased after deal with IT equipment rentals firm, NAI Hanson says

A provider of IT equipment rentals has leased more than 14,000 square feet at a Morris County industrial building, according to brokers with NAI James E. Hanson.

Industrial
Outdoor storage site in Logan Twp. trades for $1.2 million

Lee & Associates of Eastern Pennsylvania has negotiated the sale of a 1.56-acre industrial outdoor storage parcel in Logan Township.

Finance & Capital Markets
Bridge lands $25 million loan for 190,000 sq. ft. Middlesex Co. warehouse project, JLL says

Bridge Industrial has secured a $25 million construction loan for a project that will bring nearly 200,000 square feet of new industrial space to northern Middlesex County.

Finance & Capital Markets
C&W: Ares secures $367 million loan for 3 million sq. ft. industrial portfolio

The owner of a multistate portfolio with more than 3 million square feet of industrial space has obtained nearly $370 million in financing for the assets, according to Cushman & Wakefield.