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
Sanzari, laboratory company sign 50,000 sq. ft. renewal in Elmwood Park

The nation’s largest specialty laboratory has renewed its lease at an Elmwood Park industrial building, in a newly completed transaction with Alfred Sanzari Enterprises.

Industrial
South Plainfield warehouse trades for $6.2 million, BRC says

A family business has sold its 57,000-square-foot warehouse in South Plainfield, in a nearly $6.2 million transaction arranged by Bussel Realty Corp.

Industrial
NAI Hanson: Fastener business takes 21,000 sq. ft. at Edison industrial building

An industrial fastener business has leased nearly 21,000 square feet of warehouse and distribution space in Edison, brokers with NAI James E. Hanson announced Tuesday.

Event Coverage
Visceglia family, Prism’s Diaz among honorees at upcoming NAIOP gala

One of the state’s best-known commercial real estate families will receive NAIOP New Jersey’s lifetime achievement award this spring, headlining the honorees at the association’s annual gala.

People
Denholtz names new COO, promotes finance executive in key leadership moves

Denholtz Properties has hired a veteran broker and development executive as its new chief operating officer, in one of two new changes to its leadership team.

Professional Services
CBRE industrial broker promoted to senior vice president

A rising industrial broker with CBRE has earned a promotion, the firm said, touting him as one of the youngest industry professionals in New Jersey to be named a senior vice president.

Industrial
E-commerce train rolls on as industrial owners, brokers prepare for a roaring 2020

The economic engine powering the New Jersey industrial real estate market will continue to be the rapidly transforming retail sector, driven primarily by relentlessly rising demand from consumers for rapid home delivery of purchases, whether from online retailers or traditional but restructured brick-and-mortar retailers.

Industrial
Stro acquires 70,000 sq. ft. industrial building in Florham Park

The Stro Cos. has closed on its first building of 2020, acquiring a 70,000-square-foot industrial property in Florham Park.

Sponsored Content
Real Estate NJ’s 2020 Market Forecast

A new year is upon us, bringing new opportunities and new uncertainty for New Jersey’s commercial real estate market. To make sense of it all, we recruited some of the industry’s most influential professionals, developers and thought leaders to share their predictions for the year ahead. You can find those insights and more in our special 2020 Market Forecast.

Industrial
Mount Laurel warehouse sells for $32 million

An investment group has reaped $32.2 million from the sale of a nearly 300,000-square-foot warehouse in Mount Laurel, under a newly announced transaction by JLL.