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
Brookfield acquires Ridgefield site, eyes 338,000 sq. ft. logistics center

Brookfield Properties is set to develop nearly 340,000 square feet of new industrial space in Ridgefield, following an affiliate’s purchase of a 19-acre parcel along Route 46.

Industrial
CBRE: Investment firm buys 144,000 sq. ft. Somerset industrial building

An investment manager has purchased a nearly 144,000-square-foot industrial building in the Somerset section of Franklin, in a deal arranged by brokers with CBRE.

People
Sanzari taps Fuller as new chief operating officer

Alfred Sanzari Enterprises has named a new chief operating officer after promoting a longtime industry executive who joined its ranks in 2019.

Industrial
WCRE inks sale of 24,000 sq. ft. industrial building in Robbinsville

An investor has purchased a nearly 24,000-square-foot industrial building in Robbinsville, according to a brokerage team with Wolf Commercial Real Estate.

Industrial
JLL: Investors wanted for 655,000 sq. ft. light industrial portfolio in Bergen, Morris

A portfolio of 10 light industrial buildings in Bergen and Morris counties is on the market for sale, with the potential to draw offers in the range of $135 million.

Industrial
C&W: Joint venture acquires 167,000 sq. ft. industrial park in Morris County

A joint venture has purchased a trio of Morris County industrial buildings totaling nearly 170,000 square feet, in a newly announced deal by Cushman & Wakefield.

Top News
Kushner Cos. taps familiar faces as newest CEO, president

Kushner Cos. has a new CEO and president after elevating two of its top executives to the roles.

Industrial
NAI Mertz: Investor expands portfolio, adding 160,000 sq. ft. industrial park in Marlton

An investment firm has purchased a five-building, 160,000-square-foot industrial portfolio in Burlington County, under a deal arranged by NAI Mertz.

Industrial
Urban Edge acquires 187,000 sq. ft. warehouse, distribution center in Morris County, AY says

Urban Edge Properties has acquired a nearly 190,000-square-foot industrial building in East Hanover, citing its strategy of adding sites with expansion and redevelopment potential.

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Dermody executive, former NAIOP chapter president Preston to retire at year-end

A rendering of 395 Pedricktown Road, a nearly 482,000-square-foot industrial building that is among the final pieces of Dermody Properties’ LogistiCenter Logan in Logan Township. — Courtesy: Dermody/Ware Malcomb By Joshua Burd Veteran development executive Gene Preston is set to…