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.

BRC: Linden industrial building trades for $1.6 million

Bussel Realty Corp. has brokered the sale of a 13,000-square-foot industrial property in Linden.

C&W: Developers ink $107 million loan for new 333,000 sq. ft. logistics center in Bayonne

A joint venture has secured more than $107 million in financing for the next piece of a new 153-acre industrial campus in Bayonne, in a deal arranged by Cushman & Wakefield.

Kokes breaks ground on 45,000 sq. ft. self-storage project in Ocean County

Kokes Properties is on track to expand its self-storage portfolio after breaking ground on a new 45,000-square-foot facility in the Ocean County township of Manchester.

I.CON panel: For spec builders in top logistics markets, it pays to wait to sign a lease

In today’s booming industrial market — with rents rising by the month and supply at unprecedented lows — developers are now grappling with a seemingly unprecedented question: How soon is too soon to sign a lease at a building that’s still under construction? According to some leading owners, it pays to wait.

Lincoln Equities Group sells Bayonne property set to become 886,000 sq. ft. UPS package hub

Lincoln Equities Group has sold a massive development tract in Bayonne that will soon be home to a nearly 900,000-square-foot regional hub and distribution center for UPS.

Elberon, Fidelco join FreezPak to open new freezer warehouse at Newark-Elizabeth border

A cold storage provider has opened a new 140,000-square-foot facility at the border of Elizabeth and Newark, in a project that brought together two well-known New Jersey developers.

Blackstone logistics, clean energy firms detail solar panel projects across New Jersey portfolio

A pair of Blackstone affiliates have unveiled plans to build rooftop solar panels across a portfolio of New Jersey warehouses, bringing renewable energy to some 10,000 homes in the state.

3PL firm takes 696,000 sq. ft. of industrial space in New Jersey, South Carolina, BRC says

A third-party logistics firm has leased nearly 400,000 square feet of industrial space in Middlesex County as part of a series of transactions spanning New Jersey and South Carolina.

NAI Hanson: Towing company expands, leases Elmwood Park site for fleet storage

A towing company is expanding its footprint after leasing a half-acre parcel in Elmwood Park, under a newly announced transaction by NAI James E. Hanson.

Third-party inspectors would solve shrinkage of public employees

As of this writing, legislation to facilitate the timely review and inspection of construction activities, which have been on the rebound now that the worst of the pandemic is behind us, is awaiting Gov. Phil Murphy’s signature. We need the third-party option because the number of public-sector inspectors has substantially diminished over the last 10 years and will continue to do so.