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.

Third-party inspectors would solve shrinkage of public employees

As of this writing, legislation to facilitate the timely review and inspection of construction activities, which have been on the rebound now that the worst of the pandemic is behind us, is awaiting Gov. Phil Murphy’s signature. We need the third-party option because the number of public-sector inspectors has substantially diminished over the last 10 years and will continue to do so.

CenterPoint adds 50,000 sq. ft. cold storage facility in Jersey City

CenterPoint Properties has acquired a nearly 50,000-square-foot cold storage facility in Jersey City, marking the latest addition to its northern New Jersey industrial holdings.

JLL inks $9 million loan for light industrial buildings in Maple Shade, Cherry Hill

An investor has secured a nearly $9 million acquisition loan for a three-building light industrial portfolio in Burlington and Camden counties, according to brokers with JLL.

NAI Mertz: South Jersey business adds 115,000 sq. ft. warehouse in Moorestown

An area business is growing its footprint with its purchase of more than 115,000 square feet of industrial space in Moorestown, in a transaction arranged by NAI Mertz.

Paper business sells 60,000 sq. ft. Paterson industrial building, NAI Hanson says

The owner of a multigenerational paper business in Paterson has sold a nearly 60,000-square-foot industrial building in the city, under a deal arranged by NAI James E. Hanson.

Family estate sells 47,000 sq. ft. portfolio near Union train station, BRC says

A family estate has sold a 47,000-square-foot commercial portfolio in Union Township, in a newly announced transaction by Bussel Realty Corp.

Duke Realty breaks ground on 268,000 sq. ft. FreezPak facility in Woodbridge

Duke Realty Corp. has broken ground on a nearly 270,000-square-foot freezer facility in Woodbridge that will support the continued expansion of a locally based operator.

Rockefeller, C&W announce sale of new 400,000 sq. ft. logistics center in Middlesex

Rockefeller Group has sold a newly built, 400,000-square-foot industrial property just north of Piscataway, in a transaction arranged by Cushman & Wakefield.

BRC: Shipping firm inks 87,000 sq. ft. expansion in Raritan Center

A trucking and shipping company is expanding its footprint after leasing nearly 90,000 square feet of industrial space in Edison, in a newly completed deal by Bussel Realty Corp.

EverWest buys Somerset industrial building for $28 million, adding to growing portfolio

An investment manager has acquired a nearly 126,000-square-foot industrial building in Somerset County, marking its third such purchase in the region in two months.