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
AY: Boston private equity firm completes 135,000 sq. ft. sale-leaseback in Parsippany

Boston-based Longpoint Realty Partners LP has completed a sale-leaseback in Parsippany, adding more than 135,000 square feet to its New Jersey portfolio.

Professional Services
CBRE adds veteran New Jersey industrial broker as executive vice president

CBRE has announced a new addition to its team of New Jersey industrial brokers.

Finance & Capital Markets
Tulfra snags $6 million loan for parking site at Totowa Business Center

Tulfra Real Estate has landed a $6 million loan for a parking parcel at the site of a 225,000-square-foot commercial building in Totowa.

Industrial
Flooring company takes 20,000 sq. ft. in northern Bergen County, Chilmark says

A flooring company has leased nearly 20,000 square feet of industrial flex space in Bergen County, in a newly announced deal by Chilmark Real Estate Services.

Industrial
NAI Fennelly tapped to market 27,000 sq. ft. former parachute maker HQ in Trenton

The owner of a Trenton industrial building is seeking a buyer or tenant for the nearly 30,000-square-foot property, brokers with NAI Fennelly announced Tuesday.

Industrial
Longpoint buys 40,000 sq. ft. industrial building in Fairfield, AY says

A private equity firm has purchased a nearly 40,000-square-foot industrial property in Fairfield, in a newly announced transaction by Avison Young.

Industrial
Advance, Greek sign two leases totaling 491,000 sq. ft. at new Logan logistics park

A development team has preleased the latest phase of a 3.2 million-square-foot industrial park in Logan Township, where two logistics firms will occupy a combined 491,000 square feet.

Industrial
Faropoint acquires 62,000 sq. ft. Meadowlands building for $17.7 million

Investment firm Faropoint has acquired a 62,000-square-foot industrial building in Moonachie, in a newly announced deal valued at nearly $18 million.

Professional Services
Sheldon Gross Realty names new assistant vice president

Sheldon Gross Realty has promoted Matthew Leonelli to the role of assistant vice president.

Finance & Capital Markets
Cronheim inks $6.5 million loan for New Providence industrial flex building

The owner of a nearly 90,000-square-foot industrial flex building in New Providence has secured $6.5 million in financing, according to brokers with Cronheim Mortgage.