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 Services
Newmark Associates touts two promotions on brokerage team

By Joshua Burd Newmark Associates has announced promotions for two of its top producers this year. The firm, which is based in Cedar Knolls, has promoted Charles Ritschel to vice president, a move that coincides with him earning Newmark’s award…

Industrial
Manufacturer takes nearly 32,000 sq. ft. in Saddle Brook

A maker of plastic products has leased more than 30,000 square feet of industrial space in Saddle Brook, brokers with NAI James E. Hanson announced Wednesday.

Industrial
Team Resources inks 23,000 sq. ft. lease in Moonachie

A wholesale merchandiser has signed a full-building lease at a 23,000-square-foot warehouse in Moonachie, under a newly announced transaction by Team Resources Inc.

Industrial
Rockefeller breaks ground on 900,000 sq. ft. spec distribution center in Edison

Rockefeller Group has started construction on a 900,022-square-foot distribution center in Edison, where it is redeveloping the former site of an ExxonMobil research campus.

Industrial
RHS Group adds 160,000 sq. ft. industrial asset in Linden

An investment firm has acquired a 160,000-square-foot light industrial building in Linden, with plans to upgrade the property in line with its value-add strategy.

Industrial
Sign company takes 20,000 sq. ft. in South Plainfield

A provider of sign products and services has leased 20,000 square feet of industrial space in South Plainfield, Team Resources Inc. announced Friday.

Industrial
New 416,000 sq. ft. industrial project in Kearny slated for early 2020 delivery

CBRE is detailing plans for a new 415,533-square-foot industrial building under construction in Kearny, where it is serving as the leasing agent on behalf of Seagis Property Group LP.

Industrial
Hampshire sells 1.3 million sq. ft. industrial portfolio, CBRE says

The Hampshire Cos. has sold a 30-building, 1.3 million-square-foot industrial portfolio in New Jersey to Colony Industrial, in a newly announced transaction by CBRE.

Industrial
Online fashion reseller takes 105,000 sq. ft. at revamped Moonachie building

An online market for preowned fashion accessories is leasing more than 100,000 square feet of industrial space in Moonachie, under a recent transaction with EverWest Real Estate Investors.

Finance & Capital Markets
NYL inks $60.2 million mortgage for Hartz industrial portfolio

Hartz Mountain Industries has landed a $60.2 million loan from New York Life Real Estate Investors for a five-building, 613,726-square-foot industrial portfolio in three municipalities.