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
Connors completes sale of 20,000 sq. ft. North Bergen warehouse

A private buyer has closed on a 20,000-square-foot industrial property in North Bergen, according to a broker with The William F. Connors Agency.

Industrial
Elberon, Avidan sell 139,000 sq. ft. freezer warehouse in Elizabeth

The developers of a nearly 140,000-square-foot freezer warehouse and food distribution facility in Elizabeth have sold the property, brokers with JLL announced Thursday.

Finance & Capital Markets
C&W sources $42.75 million acquisition loan for Logan industrial park

Cushman & Wakefield advised Stalwart Equities in securing nearly $43 million in acquisition financing for Logan Township Industrial Park, a 171.3-acre site in Logan Township.

Top News
Diversified donates newly built self-storage space to Montville nonprofit

The developer of a new 755-unit self-storage facility in Montville has donated one of the spaces to a local nonprofit that provides clothing and other essential items to marginalized people.

Industrial
Duke Realty kicks off 217,000 sq. ft. spec warehouse in Piscataway

Duke Realty Corp. has broken ground on nearly 220,000 square feet of speculative industrial space in Piscataway, as it adds to its footprint in the fast-growing submarket.

Industrial
Event management firm takes industrial space in Cedar Knolls, NAI Hanson says

An event management business has leased space at an industrial building in the Cedar Knolls section of Hanover, under a deal arranged by NAI James E. Hanson.

Government & Public Policy
Industrial builders flock to Franklin after zoning change, bringing new life to aging office sites

Franklin Township has more than 4 million square feet of industrial space in its development pipeline — most of it in the town’s well-known Somerset section — with a growing list of projects that call for razing and repurposing the sites of outdated office buildings.

Finance & Capital Markets
STRO inks $39 million refi of 395,000 sq. ft. New Jersey industrial portfolio

The STRO Cos. has secured a $39 million loan to refinance an eight-building, 395,000-square-foot industrial portfolio in northern and central New Jersey.

Industrial
Connors inks sale of 44,000 sq. ft. Bayonne industrial building

The William F. Connors Agency has announced the sale of a 44,000-square-foot industrial property in Bayonne.

Industrial
Sale of 16,000 sq. ft. Burlington building among three Vantage Commercial industrial deals

Two end users have purchased a nearly 16,000-square-foot industrial building in Burlington County, in one of three recent industrial deals by Vantage Commercial.