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
New 102,000 sq. ft. Somerset warehouse attracts tenants in furniture delivery, agriculture

A developer has secured two leases to fill more than 102,000 square feet of new industrial space in the Somerset section of Franklin, brokers with Bussel Realty Corp. announced Tuesday.

Industrial
Ridgecut Road adds 5.8-acre industrial service, outdoor storage facility in Lincoln Park

Ridgecut Road has acquired a 5.8-acre industrial service and outdoor storage property in Lincoln Park, expanding its portfolio to a high-demand submarket in Morris County.

Professional Services
NAI DiLeo-Bram hires Goswami as associate with industrial team

NAI DiLeo-Bram & Co. has welcomed Sweemit Goswami as its newest associate, hiring the former intern to focus on the northern and central New Jersey industrial market.

Events
‘We are in the people business’ — Milanaik reflects on distinguished career as NAIOP gala honors top CRE projects and players

NAIOP New Jersey hosted its 38th annual Commercial Real Estate Awards Gala on Thursday, honoring five individuals and companies while unveiling five Deal of the Year award winners before a sold-out crowd of more than 750 registered attendees.

Professional Services
Lease by Resource Realty’s Consiglio, Peck ranked #18 on SIOR top 50 industrial deals of 2024

The Society of Industrial and Office Realtors has recognized Tom Consiglio and Scott Peck of Resource Realty of Northern New Jersey for their role in a major industrial lease in New York’s Orange County, including the deal in its Top 50 Industrial Transactions List of 2024.

Finance & Capital Markets
JLL: LPC, Ullico ink $17 million financing deal for 139,000 sq. ft. Hamilton industrial building

A joint venture has secured $16.8 million in acquisition and bridge financing for a nearly 139,000-square-foot industrial building in Hamilton, in a deal arranged by JLL.

People
Legacy Real Estate Developers taps Feldman as president

Legacy Real Estate Developers has named Peter Feldman as its president, filling the role with a trusted executive from the affiliated Saddleback Real Estate Developers.

Industrial
CBRE Investment Management buys new 236,000 sq. ft. logistics park in Somerset

A developer has sold a new two-building, 236,000-square-foot industrial campus in the Somerset section of Franklin, in a newly announced deal by CBRE.

Deals
Family sells 27-acre development site in Manalapan for $4.5 million, Kislak says

The longtime owners of a 27-acre development parcel in Manalapan have sold the property for $4.5 million, a brokerage team with The Kislak Co. Inc. announced this week.

Professional Services
Seasoned brokers Capetta, Corpuel join Lee & Associates – WBE

Lee & Associates has expanded its industrial brokerage team in New Jersey with the additions of Gary Capetta as managing partner and Matthew Corpuel as partner.