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
CenterPoint adds latest New Jersey property, acquiring South Brunswick warehouse complex

CenterPoint Properties has closed on the site of a 295,000-square-foot warehouse complex in South Brunswick, marking its latest acquisition in New Jersey over the past year.

Industrial
West New York industrial building trades for $1.6 million, Deugen says

An investor has acquired a 24,000-square-foot industrial building in Hudson County for more than $1.6 million, in a newly announced deal by Deugen Realty Group.

Professional Services
Newmark Associates touts four recent additions to sales team

Newmark Associates has bolstered its team with the recent addition of four sales agents.

Industrial
Chilmark: Warehouse user relocating from New York, takes 9,000 sq. ft. in Montvale

An industrial user is relocating from New York City to a property at the northern edge of Bergen County, in a transaction arranged by Chilmark Real Estate Services.

Finance & Capital Markets
Father and son thriving together as part of JLL capital markets team in New Jersey

JLL’s New Jersey-based capital markets team includes a rare father-son combination among commercial real estate brokers, part of an office that remains a leader in the state and has only expanded its reach over the past year.

Events
Industry leaders reunite, reconnect at first NAIOP New Jersey event post-pandemic

Commercial real estate leaders gathered Thursday in Holmdel, where NAIOP New Jersey honored several companies as the industry took a key step in moving beyond the pandemic.

Industrial
Rose Commercial: Camden County industrial building sold to end user

An industrial user has acquired a nearly 39,000-square-foot property in Camden County for some $2.6 million, in a newly announced transaction by Rose Commercial Real Estate.

Finance & Capital Markets
Cronheim sources $16 million loan for 360,000 sq. ft. industrial site in Edison

The owner of a nearly 360,000-square-foot industrial building in Edison has secured $16 million in financing, under a transaction arranged by Cronheim Mortgage.

Industrial
Joint venture sells 50,000 sq. ft. distribution center in Somerset County, JLL says

Elberon Development Group and The Avidan Group have sold a fully leased, 50,400-square-foot industrial property in Branchburg, in a transaction arranged by JLL.

Industrial
NAI Hanson: Marble, stone distributor takes 13,000 sq. ft. in Teaneck

A marble and stone distributor has leased 13,000 square feet of industrial space in Teaneck, following a fire at a previous location that forced it to find a new home in the region.