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
New owner plans upgrades at 81,000 sq. ft. warehouse in Avenel

An investment firm has acquired an 81,000-square-foot warehouse in the Avenel section of Woodbridge, under a newly announced transaction by Lee & Associates.

Industrial
Prologis eyes late summer delivery for 913,000 sq. ft. industrial project in Burlington

Prologis will soon deliver nearly 1 million square feet of new industrial space in Burlington, seeking to tap into the demand from large users in a state with a still-limited supply of modern logistics buildings.

Industrial
Clothing wholesaler takes 26,000 sq. ft. in Moonachie, NAI Hanson says

A clothing wholesaler is relocating within Bergen County to a new warehouse and distribution center, under a newly completed lease by NAI James E. Hanson.

Industrial
Crow Holdings launches 925,000 sq. ft. warehouse project, its first in New Jersey

Crow Holdings Industrial has broken ground on a 925,000-square-foot warehouse project in Franklin Township, its first New Jersey project after entering the market last year.

Industrial
BRC inks sale of four-acre development parcel in Carteret

A four-acre industrial development site in Carteret has changed hands, under a newly announced transaction by Bussel Realty Corp.

Government & Public Policy
Murphy reiterates plan to veto incentives extension, hopes for ‘common ground’

Gov. Phil Murphy doubled down on his pledge to veto a bill to extend New Jersey’s embattled tax incentive programs, while still offering hope for a compromise with state lawmakers.

Industrial
Developers, brokers launch 4.1 million sq. ft. logistics center project in Linden

A joint venture has kicked off what it says will be the largest active industrial project near the Port of New York and New Jersey, breaking ground on a 4.1 million-square-foot logistics park at a long-vacant site in Linden.

Industrial
Developer acquires Mercer County site, plans 350,000 sq. ft. industrial project

An investment group has acquired a 31-acre site in Mercer County that was once slated for a new hospital, but is now on track to become a 350,000-square-foot industrial development.

Professional Services
Walsh joins Advance as managing director for development, construction

Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.

Industrial
Fair Lawn location is food company’s third N.J. warehouse, NAI Hanson says

A food manufacturer has expanded its footprint in New Jersey with a nearly 102,000-square-foot lease in Fair Lawn, brokers with NAI James E. Hanson announced Tuesday.