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
Russo, PGIM eye 200,000 sq. ft. industrial building after buying Mahwah office property

A joint venture has closed on the site of a Mahwah office building that it now plans to redevelop as 200,000 square feet of modern industrial space, brokers with CBRE said Monday.

Deals
Shelbourne, Avison Young tout 173,000 sq. ft. in deals in Piscataway, Bloomfield

A biotechnology firm has leased nearly 57,000 square feet in Piscataway, in one of three newly announced deals by Avison Young on behalf of Shelbourne Global.

Industrial
Realterm acquires 72,000 sq. ft. North Bergen warehouse

Investment manager Realterm has made its second acquisition in North Bergen, adding a 72,000-square-foot warehouse sitting on nearly four acres.

Industrial
E-Bike company takes 16,700 sq. ft. in East Brunswick sublease, BRC says

An electric bicycle company has subleased nearly 17,000 square feet of industrial space in East Brunswick, in a newly announced transaction by Bussel Realty Corp.

Industrial
Duke acquires single-tenant, 469,000 sq. ft. distribution center in Piscataway

Duke Realty Corp. has announced its recent acquisition of a fully leased, 469,600-square-foot industrial building in Piscataway.

Professional Services
Blau & Berg promotes two veteran brokers

The Blau & Berg Co. has announced the promotion of two veteran brokers on its team.

Industrial
AY: Cooking oil management, cleaning business takes 27,000 sq. ft. at Kearny industrial park

A restaurant service business has leased more than 27,000 square feet of industrial space in Kearny, in a transaction by brokers with Avison Young.

Industrial
Larken fills 18,000 sq. ft. at newly expanded industrial, flex buildings in Hillsborough

Larken Associates has announced the completion and lease-up of two newly expanded buildings within its 100-acre, 550,000-square-foot industrial and flex park in Hillsborough.

Industrial
Thor acquires 131,000 sq. ft. industrial complex in Newark

Thor Equities Group has added more than 130,000 square feet of industrial space in New Jersey with its acquisition of a two-building complex in Newark.

Events
NAIOP New Jersey to honor Preston, other industry leaders at 35th annual gala

A longtime development executive will headline the slate of honorees at this year’s NAIOP New Jersey gala, where the organization will also highlight two key service professionals and the firm behind several high-profile projects in the state.