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
E-commerce firm takes 54,000 sq. ft. at Denholtz-owned property in Eatontown

An affiliate of Denholtz Properties has leased 54,000 square feet of commercial space in Eatontown to a Brooklyn-based e-commerce company, according to Zimmel Associates.

Top News
JLL: Buyer wanted for 127,000 sq. ft. CAE training center in Whippany

The site of a fully leased aviation training center in Morris County is on the market for sale, in a newly announced offering by JLL’s New Jersey capital markets team.

Industrial
Distributor, sponge maker combine for 172,000 sq. ft. in Pennsauken, Colliers says

A mobile accessory distributor has leased more than 110,000 square feet of new industrial space in Pennsauken, in one of two newly announced transactions by Colliers.

Industrial
Industrial leasing, pricing starts strong in 2022 amid ongoing supply constraints in New Jersey

Rents for warehouse and logistics space continue to climb across much of New Jersey, where landlords saw a first-quarter uptick in leasing activity after a momentary lull in late 2021.

Industrial
Lincoln Equities Group eyes Q4 delivery for 886,000 sq. ft. UPS facility in Bayonne

Lincoln Equities Group is on track for a fourth-quarter delivery of the new 886,000-square-foot UPS regional hub and package distribution center in Bayonne, the developer said.

Government & Public Policy
Bills targeting ‘warehouse sprawl’ unlikely to come from Trenton, top lawmakers say

With a new team of legislative leaders in place, New Jersey’s booming industrial market appears to be safe, for now, from state-imposed limits on new warehouse development.

Industrial
Resource Realty: Food startup takes 75,000 sq. ft. in Burlington for East Coast HQ, delivery hub

A meal delivery startup has opened a new facility and East Coast headquarters in Burlington, occupying a 75,000-square-foot former Kraft Foods complex just south of Route 130.

People
Denholtz hires new chief investment, financial officers

Denholtz Properties has made two key additions to its executive team to support its continued expansion plans in New Jersey and the Southeast.

Professional Services
Turse, Cadigan named principals with Avison Young New Jersey team

The leaders of Avison Young’s industrial brokerage team in New Jersey are now principals of the real estate services firm.

People
New hires in acquisitions, project management among latest hires for Saxum

Saxum Real Estate has continued its string of growth with six new hires aimed at strengthening its acquisitions, project and operations teams.