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.

Professional Spotlight
RC Andersen to join STO Building Group, as firms eye growth in industrial sector

RC Andersen Construction, a Fairfield-based contractor, is joining the STO Building Group in a merger aimed at helping both firms expand their foothold in the industrial market.

Industrial
BRC: Linden industrial building trades for $1.6 million

Bussel Realty Corp. has brokered the sale of a 13,000-square-foot industrial property in Linden.

Finance & Capital Markets
C&W: Developers ink $107 million loan for new 333,000 sq. ft. logistics center in Bayonne

A joint venture has secured more than $107 million in financing for the next piece of a new 153-acre industrial campus in Bayonne, in a deal arranged by Cushman & Wakefield.

Industrial
Kokes breaks ground on 45,000 sq. ft. self-storage project in Ocean County

Kokes Properties is on track to expand its self-storage portfolio after breaking ground on a new 45,000-square-foot facility in the Ocean County township of Manchester.

Industrial
I.CON panel: For spec builders in top logistics markets, it pays to wait to sign a lease

In today’s booming industrial market — with rents rising by the month and supply at unprecedented lows — developers are now grappling with a seemingly unprecedented question: How soon is too soon to sign a lease at a building that’s still under construction? According to some leading owners, it pays to wait.

Industrial
Lincoln Equities Group sells Bayonne property set to become 886,000 sq. ft. UPS package hub

Lincoln Equities Group has sold a massive development tract in Bayonne that will soon be home to a nearly 900,000-square-foot regional hub and distribution center for UPS.

Industrial
Elberon, Fidelco join FreezPak to open new freezer warehouse at Newark-Elizabeth border

A cold storage provider has opened a new 140,000-square-foot facility at the border of Elizabeth and Newark, in a project that brought together two well-known New Jersey developers.

Industrial
Blackstone logistics, clean energy firms detail solar panel projects across New Jersey portfolio

A pair of Blackstone affiliates have unveiled plans to build rooftop solar panels across a portfolio of New Jersey warehouses, bringing renewable energy to some 10,000 homes in the state.

Industrial
3PL firm takes 696,000 sq. ft. of industrial space in New Jersey, South Carolina, BRC says

A third-party logistics firm has leased nearly 400,000 square feet of industrial space in Middlesex County as part of a series of transactions spanning New Jersey and South Carolina.

Industrial
NAI Hanson: Towing company expands, leases Elmwood Park site for fleet storage

A towing company is expanding its footprint after leasing a half-acre parcel in Elmwood Park, under a newly announced transaction by NAI James E. Hanson.