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
JLL: Urban Edge sells 1.2 million sq. ft. East Hanover industrial portfolio for $218 million

Urban Edge Properties has sold a seven-building, 1.22 million-square-foot light industrial portfolio in East Hanover for nearly $218 million, brokers with JLL announced Thursday.

Industrial
Crow Holdings, local officials mark debut of 1.2 million sq. ft. logistics park in Carteret

Carteret’s newest industrial campus was on full display this week as Crow Holdings Development unveiled a three-building, 1.2 million-square-foot development just off the New Jersey Turnpike.

Industrial
Blau & Berg: Tenant leases nine-acre outdoor storage site in Wayne for Amazon delivery vans

A shipping company has leased a nine-acre trucking facility near the eastern edge of Wayne, in a newly announced deal by The Blau & Berg Co.

Finance & Capital Markets
Affinius Capital lends $102 million for 700,000 sq. ft. Burlington industrial project

Affinius Capital LLC has closed a $102 million construction loan for a 700,000-square-foot industrial project at the western edge of Burlington County, just outside Philadelphia.

Industrial
JLL: Denholtz secures JV equity for multistate, 631,000 sq. ft. light industrial portfolio

Denholtz Properties has recapitalized a portfolio of more than 631,000 square feet of light industrial space in New Jersey and Pennsylvania, brokers with JLL announced Thursday.

Events
Real estate icons among honorees at Meadowlands Chamber gala, 50th anniversary celebration

If there was any doubt about the commercial real estate industry’s impact on northern New Jersey, this year’s Meadowlands Chamber Legacy Awards Reception was a clear reminder. The organization hosted the annual gala on Oct. 12 while marking the 50th anniversary of its founding. Fittingly, it also unveiled a list of the 50 most influential people in the region’s history — including more than a dozen iconic developers and real estate service providers, from Jerry Gottesman and Jon and Peter Hanson to Gretchen Wilcox and Dave Gockel.

Technology
Monmouth County students take top spot at sustainability challenge sponsored by Sustainable Jersey City, Solar Landscape

Three students from Marine Academy of Science & Technology in Highlands earned first place in the Green Ambassador Program Sustainability Challenge, a nationwide program sponsored by the nonprofit Sustainable Jersey City and solar developer Solar Landscape.

Industrial
Marcus inks sale of 15,000 sq. ft. Wood-Ridge warehouse for $3.7 million

The longtime owner of a 15,000-square-foot warehouse in Wood-Ridge has sold the property for $3.7 million, brokers with Marcus & Millichap announced Tuesday.

People
Sanzari promotes Schleer to vice president of construction

Alfred Sanzari Enterprises has promoted longtime team member John Schleer to vice president of construction, the Teaneck-based firm announced.

Industrial
BRC: Construction tech firm enters New Jersey with 12,000 sq. ft. lease in South Plainfield

A construction technology firm has signed a full-building, 11,500-square-foot industrial lease in South Plainfield, in a newly announced deal by Bussel Realty Corp.