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
Somerset office building, primed for industrial redevelopment, hits the market for sale

A vacant 200,000-square-foot office building in Somerset County is on the market for sale, providing what brokers say is a redevelopment opportunity in a growing industrial submarket.

Finance & Capital Markets
Black Creek lands $40 million loan for new Florence distribution center, C&W says

The developer of more than 500,000 square feet of new industrial space in Florence has secured a nearly $40 million construction loan, brokers with Cushman & Wakefield announced.

Industrial
Developers ink 481,000 sq. ft. lease, landing first tenant at new Linden industrial park

A logistics firm has leased more than 480,000 square feet of industrial space in Linden, filling one of two newly completed buildings at a planned 4.1 million-square-foot development.

Residential & Mixed Use
Bedrin, March Associates break ground on Hawthorne project with apartments, self-storage

A joint venture has broken ground on a long-awaited project that will bring new apartments, a self-storage facility and a national fitness chain to the Passaic County borough of Hawthorne.

Industrial
Duke Realty adds assistant vice president of acquisitions in New Jersey

Duke Realty Corp. has made another addition to its New Jersey team with the hiring of an assistant vice president of acquisitions.

Industrial
JLL inks $17 million loan package for Denholtz portfolio in Toms River, Lehigh Valley

Denholtz Properties has secured nearly $17 million to refinance a six-building industrial portfolio in Ocean County and Pennsylvania’s Lehigh Valley, brokers with JLL said.

Events
NAIOP New Jersey to honor Klatskin, renames lifetime achievement award in father’s honor

NAIOP New Jersey has renamed its prestigious Lifetime Achievement Award in memory of the late Charles Klatskin, the pioneering developer and founder of Forsgate Industrial Partners, with plans to bestow the honor on his son at the association’s largest annual event.

People
Kokes Properties announces promotion of longtime employee to controller

A longtime employee of Kokes Properties and its predecessor businesses has earned a promotion to the position of controller.

Industrial
JLL inks sale of industrial-zoned parcel in Meadowlands

An undisclosed buyer has purchased a three-acre industrial parcel in Carlstadt, in a deal arranged by brokers with JLL.

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.