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.

People
Diversified Properties names vice president of land development

A veteran engineer and development executive has joined Diversified Properties, in a move that bolsters the in-house team of the Montville-based commercial real estate firm.

Industrial
Sheldon Gross: Novartis subsidiary expands in Millburn, acquires 5,000 sq. ft. building

A life sciences company has expanded its footprint in Millburn with its purchase of a 5,000-square-foot commercial building, according to brokers with Sheldon Gross Realty.

Industrial
BRC reps buyer in deal for 44,000 sq. ft. industrial building in Piscataway

A business owner has acquired a nearly 45,000-square-foot industrial property in Piscataway for more than $5.5 million, in a newly announced transaction by Bussel Realty Corp.

Industrial
WCRE inks sale of 8,700 sq. ft. flex building in Southampton

A real estate firm has acquired nearly 8,700 square feet of commercial space in the Burlington County township of Southampton, according to Wolf Commercial Real Estate.

Industrial
Bridge Industrial names new vice president of cold storage

Development firm Bridge Industrial has named a new vice president of cold storage, as it looks to continue its growth in a booming segment of the warehouse and logistics market.

Industrial
Joint venture taps Avison Young, C&W for 702,000 sq. ft. industrial project in Burlington

A joint venture has unveiled plans for a project that will add more than 700,000 square feet of new industrial space to the Burlington County borough of Palmyra.

Industrial
NAI Hanson industrial team expands with new hire, internal addition

A team of industrial brokers at NAI James E. Hanson has expanded with a new hire and the addition of an existing associate at the Teterboro-based firm.

People
Saxum adds director of capital markets among three newest hires

Saxum Real Estate made three additional hires as it continues to scale its business, having doubled the size of its team since the start of the pandemic.

Industrial
Industrial broker rejoins C&W as managing director

A veteran broker who specializes in multinational clients has rejoined Cushman & Wakefield’s New Jersey industrial team.

Finance & Capital Markets
Kennedy Funding inks $1.3 million bridge loan for Massachusetts industrial complex

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1.3 million bridge loan to help facilitate the sale of an industrial property in New England.