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.

Finance & Capital Markets
JLL inks $15 million loan for new 146,000 sq. ft. industrial building in Hamilton

A joint venture has landed a $15.3 million acquisition loan for a newly developed industrial property in Hamilton, in a deal announced by JLL.

Finance & Capital Markets
JLL sources $12 million refinancing of Port Newark industrial complex

JLL has arranged a $12 million facility loan for Port Newark Junction, a six-building, 154,149-square-foot industrial complex in Newark.

Industrial
Colliers inks 190,000 sq. ft. at Cherry Hill industrial, flex park in 2021

Colliers is touting 190,000 square feet in leasing activity last year at the Cherry Hill Business Park, a roughly 616,000-square-foot complex in the township.

Industrial
Developer plans new industrial space after buying Somerset office building, CBRE says

Another aging New Jersey office property could soon become industrial space, following a developer’s purchase of a 15-acre site in Franklin Township for nearly $31 million.

Finance & Capital Markets
Owner lands $110 million loan for 850,000 sq. ft. Newark industrial building

The owner of a new 850,000-square-foot warehouse and distribution center in Newark’s port district has secured $110 million in permanent financing, according to JLL.

Industrial
Herbal extracts, ingredients maker renews 55,000 sq. ft. lease in Pine Brook, Newmark says

A maker of herbal extracts and other natural ingredients has renewed its 55,000-square-foot lease at a Morris County industrial building, in a deal arranged by brokers with Newmark.

Deals
CBRE: ETS office, industrial building in Ewing trades for $19 million

Educational Testing Service has sold a 310,000-square-foot office and industrial building in Ewing for nearly $19 million, brokers with CBRE announced Tuesday.

Industrial
Taconic, Nuveen acquire 296,000 sq. ft. Morris Twp. warehouse for $55 million

Two well-known institutional investors and frequent partners have acquired a nearly 300,000-square-foot industrial building in Morris County for $55 million.

Industrial
NAI Hanson: Hackensack industrial building sold to metal, pipe fitting company

A growing industrial user has purchased a 5,000-square-foot building in Hackensack, in a newly announced transaction by NAI James E. Hanson.

Industrial
Devli acquires 175,000 sq. ft. Meadowlands industrial building

Devli Real Estate has purchased a 175,000-square-foot industrial building in East Rutherford, marking the latest addition to its portfolio in northern New Jersey.