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.

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.

Industrial
Logistics firms take 330,000 sq. ft. in separate Edison transactions, Lee & Associates says

Two logistics users have combined to lease more than 330,000 square feet in Edison, in a pair of newly announced industrial deals by Lee & Associates New Jersey.

Industrial
BRC: Elevator contractor expands, acquires 40,000 sq. ft. Linden building

An elevator contractor has acquired a 40,000-square-foot industrial building in Linden, under a newly announced transaction by Bussel Realty Corp.

Industrial
NAI Hanson inks sale of 82-acre lot in Warren County

The owner of a former automotive and truck parts recycling facility in Warren County has sold the nearly 82-acre site, in a transaction arranged by NAI James E. Hanson.

Government & Public Policy
EDA, NJIT announce new center for brownfields cleanup

The state Economic Development Authority is teaming with the New Jersey Institute of Technology to establish a new initiative aimed at helping local governments clean up and reposition brownfield sites within their borders.