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.

BRC: Manufacturer takes 23,000 sq. ft. at New Brunswick industrial building

A paper bag manufacturer has leased 23,000 square feet of industrial space in New Brunswick, under a deal arranged by Bussel Realty Corp.

Larken adds senior estimator to in-house construction team

Larken Associates has hired a new senior estimator as the latest piece of its in-house construction team.

Survival skills honed in 2020 lead to a better-prepared 2021

As Charlie Chaplin said in the last century, “Nothing is forever in this world, not even our problems.” That is, unless you don’t learn from your mistakes and continue to do things the same way. The days are numbered for any business, organization or government agency (without a rainy day fund) that doesn’t adjust, right-size their operation and get prepared for the next disruption that’s just around the corner.

Data-driven approach has proved crucial for upstart value-add investment firm

A fast-growing, Newark-based investment firm is thriving two years after its founding, using a trove of data and an in-house platform to help it identify potential sellers and properties.

Duke adds 102,000 sq. ft. Meadowlands warehouse, in deal brokered by NAI Hanson

Duke Realty Corp. has added more than 100,000 square feet of industrial space in the Meadowlands as part of its latest acquisition in New Jersey.

Newmark: Bath, kitchen retailer takes 17,800 sq. ft. for Paramus showroom, warehouse

A home furnishings retailer has leased nearly 18,000 square feet of showroom and warehouse space in Paramus, under a newly announced transaction by Newmark.

Stro lands $9.6 million to refinance industrial assets in Woodbridge, Moonachie

The Stro Cos. has secured $9.6 million to refinance industrial properties in Middlesex and Bergen counties, the Ridgewood-based owner announced Monday.

Planting the Seed for A Greener New Jersey: The Intersection of Legal Cannabis and Real Estate in the Garden State (Part 2)

The current version of the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act, which was passed by the state Legislature on December 17, 2020, provides a framework for legalizing recreational cannabis in the state, including six different classes of licenses to be considered by those looking to enter the cannabis business marketplace. As we discussed in Part I in our series on cannabis, early identification of an ideal region and/or municipality for the proposed licensed premises is critical to success. However, there are a host of other factors and potential snags that an applicant must take into consideration before selecting a location.

Petrucci sells 96,000 sq. ft. industrial building in Logan Township

J.G. Petrucci Co. Inc. has sold a nearly 96,000-square-foot industrial building in Gloucester County to a global developer of ergonomic products.

JLL: Marketing firm takes 15,000 sq. ft. at build-to-suit property in Tinton Falls

A marketing and public relations company has leased nearly 15,000 square feet at a new flex warehouse building in Monmouth County, brokers with JLL announced Friday.