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
CBRE: Developer plans 160,000 sq. ft. industrial project at ex-Kearny rehab complex

A developer has acquired 10 acres in Kearny with plans to build a new 160,000-square-foot distribution center at the site, according to brokers with CBRE.

Industrial
Investor adds 61,000 sq. ft. Mount Laurel industrial building, NAI Mertz says

An investment firm has made another addition to its southern New Jersey portfolio with its purchase of a 61,000-square-foot industrial building in Mount Laurel.

Industrial
Petrucci taps CBRE as leasing team for 1 million sq. ft. Logan industrial project

J.G. Petrucci Co. Inc. has named CBRE as its leasing agent for more than 1 million square feet of new industrial space in Logan Township, the first piece of a planned four-building campus.

Industrial
Three-building industrial park in Passaic County sold for $10 million, C&W says

A family partnership has sold a three-building industrial park in Passaic County for $10.2 million, in a newly announced transaction by Cushman & Wakefield.

Industrial
Colliers: Investment team adds 16,000 sq. ft. Camden County warehouse

An investment firm has added to its portfolio of industrial buildings in southern New Jersey, acquiring a 16,000-square-foot warehouse in eastern Camden County.

Industrial
Investment group acquires 207,000 sq. ft. Elizabeth warehouse for $30 million

A private equity firm has acquired a 207,000-square-foot industrial building in Elizabeth, expanding its footprint in the last-mile logistics sector.

Industrial
Food company takes 32,000 sq. ft. in Carlstadt, Team Resources says

An owner-occupier has acquired a 32,000-square-foot industrial building in Carlstadt, in one of three newly announced transactions by Team Resources Inc.

Industrial
Auto parts seller takes 300,000 sq. ft. at new Black Creek industrial project in Florence

An auto parts seller has leased more than 300,000 square feet at a soon-to-be-completed industrial project in Burlington County, under a newly announced deal by NAI Mertz.

Finance & Capital Markets
C&W: Camber lands $70 million loan for South Jersey, Bucks County industrial deal

Camber Real Estate Partners has secured a nearly $70 million acquisition loan for a 25-building, 1.24 million-square-foot light industrial portfolio in South Jersey and Pennsylvania.

Industrial
Tile distributor buys 102,000 sq. ft. warehouse in Monmouth County, Sheldon Gross says

A tile wholesaler has acquired a 102,000-square-foot warehouse and an adjacent parcel in Monmouth County, in a transaction arranged by Sheldon Gross Realty.