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
LEG set to break ground on 333,000 sq. ft. spec warehouse at Bayonne logistics hub

Lincoln Equities Group is set to begin construction on the latest piece of its new logistics campus in Bayonne, where plans call for another 333,000 square feet of speculative industrial space.

Industrial
Prologis plans 185,000 sq. ft. logistics center after buying Mount Laurel office building

Prologis has purchased a Mount Laurel office building that it now plans to redevelop as nearly 185,000 square feet of modern industrial space, in a newly announced deal by CBRE.

Industrial
Hampshire leases 102,000 sq. ft. at newly acquired, updated Allendale building, brokers say

The Hampshire Cos. has attracted two tenants to a Bergen County industrial building, leasing a combined 102,000 square feet in deals by NAI James E. Hanson and The Van Houten Group.

Professional Services
Two senior industrial brokers join Lee & Associates New Jersey as partners

Lee & Associates New Jersey has bolstered its team in the state with the addition of two veteran industrial real estate brokers.

Industrial
Restaurant owner buys 15,000 sq. ft. in Hamilton as commissary space, Fennelly says

A restaurateur has purchased 15,000 square feet of industrial space in Hamilton that he will use as a facility for his new catering business, according to brokers with NAI Fennelly.

Industrial
Peak Construction moves East Coast office to East Windsor

Peak Construction Corp. has relocated its East Coast office to East Windsor, seeking to accommodate its fast-growing pipeline and operations team in the region.

Industrial
KABR, FCA-Orbita Group purchase 620,000 sq. ft. Queens warehouse complex

Two New Jersey-based investment firms have acquired a two-building, 620,000-square-foot industrial complex in Queens, under a nearly $74 million deal announced Tuesday.

Industrial
Invesco, Baranof acquire newly built self-storage facility in Red Bank

A joint venture led by Invesco Real Estate has purchased a nearly 60,000-square-foot self-storage facility in Red Bank, in a transaction arranged by Cushman & Wakefield.

Industrial
Investors buy Central Jersey warehouse, development sites in deals worth $54 million

A joint venture has made three new additions to its New Jersey industrial holdings, acquiring a long-term investment property and two development sites for a combined $54 million.

Industrial
BRC: Logistics firm doubles footprint in Edison, expands lease to 180,000 sq. ft.

A third-party logistics firm has taken more than 92,000 square feet of additional space in Edison, doubling its footprint within a portfolio owned by Heller Industrial Parks.