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.

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.

Peak Construction celebrates banner year, 25th anniversary amid growing client base

Peak Construction Corp., a design-build firm with a growing footprint in New Jersey, is celebrating a banner year as it also marks the 25th anniversary of its founding.

Rockefeller buys 58-acre redevelopment site near Exit 9, in NAI Fennelly-brokered deal

An affiliate of the Rockefeller Group has acquired the site of a vacant 58-acre manufacturing complex in Spotswood — about a 10-minute drive from the New Jersey Turnpike — in a transaction arranged by brokers with NAI Fennelly.

Avison Young: Prologis acquires Dayton parking, maintenance site in sale-leaseback

Prologis has acquired a 10-acre parking and maintenance property in South Brunswick that it’s now leasing back to the seller and other tenants, according to brokers with Avison Young.

CBRE: Central Jersey cracks top 10 for large industrial leases, with 4.6 million sq. ft. in 2021

Five of the nation’s 100 largest industrial leases in 2021 occurred in central New Jersey, according to CBRE, accounting for 4.6 million square feet as deal sizes continue to grow.

Sheldon Gross: Saadia Group adds 199,000 sq. ft. printing plant in Freehold

The Saadia Group has purchased a 199,000-square-foot, multipurpose building at 235 Willow Brook Road on nearly 30 acres in Freehold.

Meat processing equipment company takes 16,000 sq. ft. in East Brunswick, NAI DiLeo says

NAI DiLeo-Bram & Co. has negotiated a 16,000-square-foot industrial lease at 124 Tices Lane in East Brunswick.

Sale of 48,000 sq. ft. Parsippany office building among latest Newmark Associates deals

Two Morris County commercial buildings have changed hands for a combined $7.5 million, in a set of newly announced transactions by Newmark Associates.

ESG: An effective agent for positive change and a profitable ROI for CRE

What is ESG — or environmental, social and governance? It is basically a framework to assess how a commercial real estate portfolio manages risks and opportunities resulting from shifting conditions, market and otherwise, to environmental, social and economic systems. Environmental criteria address a company’s impact on and stewardship of the environment. Social criteria refer to how a company manages relationships with and creates value for stakeholders, such as customers, employees, suppliers, communities and shareholders. Governance criteria refer to a company’s leadership and management philosophy, practices, policies, internal controls and shareholder rights, including diversity, equity and inclusion and transparency of procedures and decision-making.  

WCRE inks sale of 25,000 sq. ft. industrial, cold storage building in Salem County

Wolf Commercial Real Estate has brokered the sale of a 25,000-square-foot industrial and cold storage building in Salem County.