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
Faropoint acquires 62,000 sq. ft. Meadowlands building for $17.7 million

Investment firm Faropoint has acquired a 62,000-square-foot industrial building in Moonachie, in a newly announced deal valued at nearly $18 million.

Professional Services
Sheldon Gross Realty names new assistant vice president

Sheldon Gross Realty has promoted Matthew Leonelli to the role of assistant vice president.

Finance & Capital Markets
Cronheim inks $6.5 million loan for New Providence industrial flex building

The owner of a nearly 90,000-square-foot industrial flex building in New Providence has secured $6.5 million in financing, according to brokers with Cronheim Mortgage.

Industrial
Construction set to begin on 4.2 million sq. ft. logistics park in Old Bridge, C&W says

A developer is set to break ground on a project that will bring more than 4 million square feet of new industrial space to a stretch of Route 9 in Middlesex County.

Industrial
Sanzari, fragrance company ink 79,000 sq. ft. renewal at Norwood industrial building

Alfred Sanzari Enterprises has signed a nearly 80,000-square-foot renewal with an essential oils and aroma chemical company, its longtime tenant at a Bergen County industrial building.

Professional Services
Solar Landscape bolsters executive team, plans new Princeton office

A solar energy developer and operator has announced the addition of two industry veterans as part of a plan to expand its footprint in its home state of New Jersey.

Finance & Capital Markets
Camber nabs $72 million loan for South Jersey, Pennsylvania industrial deal, C&W says

Camber Real Estate Partners has landed a $72 million loan for its acquisition of more than 730,000 square feet of industrial space in southern New Jersey and Pennsylvania.

Events
ULI to honor top New Jersey projects, industry players at 2022 awards gala

The Urban Land Institute of Northern New Jersey is set to honor more than a dozen commercial real estate projects, deals and industry leaders as part of its upcoming annual awards gala.

Finance & Capital Markets
C&W: Camber adds 260,000 sq. ft. Pine Brook warehouse with $25 million acquisition loan

Camber Real Estate Partners has landed nearly $25 million in financing for its purchase of an industrial building in Morris County, brokers with Cushman & Wakefield announced.

People
Saxum taps former REIT executive as new chief operating officer

Saxum Real Estate has named a new chief operating officer, tapping a veteran commercial real estate executive with a career that spans more than three decades.