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.

Professional Services
Two senior industrial brokers join Lee & Associates New Jersey as partners

Lee & Associates New Jersey has bolstered its team in the state with the addition of two veteran industrial real estate brokers.

Industrial
Restaurant owner buys 15,000 sq. ft. in Hamilton as commissary space, Fennelly says

A restaurateur has purchased 15,000 square feet of industrial space in Hamilton that he will use as a facility for his new catering business, according to brokers with NAI Fennelly.

Industrial
Peak Construction moves East Coast office to East Windsor

Peak Construction Corp. has relocated its East Coast office to East Windsor, seeking to accommodate its fast-growing pipeline and operations team in the region.

Industrial
KABR, FCA-Orbita Group purchase 620,000 sq. ft. Queens warehouse complex

Two New Jersey-based investment firms have acquired a two-building, 620,000-square-foot industrial complex in Queens, under a nearly $74 million deal announced Tuesday.

Industrial
Invesco, Baranof acquire newly built self-storage facility in Red Bank

A joint venture led by Invesco Real Estate has purchased a nearly 60,000-square-foot self-storage facility in Red Bank, in a transaction arranged by Cushman & Wakefield.

Industrial
Investors buy Central Jersey warehouse, development sites in deals worth $54 million

A joint venture has made three new additions to its New Jersey industrial holdings, acquiring a long-term investment property and two development sites for a combined $54 million.

Industrial
BRC: Logistics firm doubles footprint in Edison, expands lease to 180,000 sq. ft.

A third-party logistics firm has taken more than 92,000 square feet of additional space in Edison, doubling its footprint within a portfolio owned by Heller Industrial Parks.

Industrial
Connors completes sale of 20,000 sq. ft. North Bergen warehouse

A private buyer has closed on a 20,000-square-foot industrial property in North Bergen, according to a broker with The William F. Connors Agency.

Industrial
Elberon, Avidan sell 139,000 sq. ft. freezer warehouse in Elizabeth

The developers of a nearly 140,000-square-foot freezer warehouse and food distribution facility in Elizabeth have sold the property, brokers with JLL announced Thursday.

Finance & Capital Markets
C&W sources $42.75 million acquisition loan for Logan industrial park

Cushman & Wakefield advised Stalwart Equities in securing nearly $43 million in acquisition financing for Logan Township Industrial Park, a 171.3-acre site in Logan Township.