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
Seasoned broker Wernick joins Branch Industrial as senior director

Boutique real estate advisory firm Branch Industrial has expanded its team with the addition of Jeremy Wernick as a senior director.

Finance & Capital Markets
STRO refis 115,000 sq. ft. Wyckoff industrial building for $14.5 million, JLL says

The STRO Cos. has closed on a $14.5 million loan to refinance more than 115,000 square feet of industrial space in Wyckoff, brokers with JLL announced Monday.

Top News
Paterson’s Art Factory, long eyed for adaptive reuse potential, back on the market for sale after acquisition by Procida

The historic Art Factory complex in Paterson is on the market for sale, as investors and city officials seek a buyer to help achieve a long-awaited redevelopment plan for the site.

Professional Services
Greek Management earns prestigious AMO accreditation from IREM

Greek Real Estate Partners has gained a seal of approval for one of its key divisions, thanks to a new accreditation from the Institute of Real Estate Management.

Industrial
Omni Group inks lease for North Brunswick industrial outdoor storage site, BRC says

The owner of a nearly one-acre industrial outdoor storage property in North Brunswick has secured a tenant, in a newly announced deal by Bussel Realty Corp.

Industrial
STRO, KRE ink two leases to fill 137,000 sq. ft. spec warehouse in Florham Park, C&W says

The STRO Cos. and KRE Group have landed two tenants to prelease nearly 137,000 square feet of new industrial space in Florham Park, brokers with Cushman & Wakefield said Wednesday.

Industrial
Seagis buys 31,000 sq. ft. Carlstadt warehouse as its latest Meadowlands property

Seagis Property Group has closed on its latest property in Carlstadt, adding more than 31,000 square feet to its Meadowlands industrial portfolio.

Industrial
LEG unveils 495,000 sq. ft. logistics park at former office campus in Morris Plains

Lincoln Equities Group has taken the wraps off nearly 500,000 square feet of modern industrial space in Morris County as part of a new two-building project near Route 10.

Industrial
DH Property Holdings acquires 55,000 sq. ft. Swedesboro industrial building

DH Property Holdings LLC has added to its South Jersey portfolio with the acquisition of a 55,000-square-foot industrial building in Swedesboro.

Finance & Capital Markets
Turnbridge lands $80.3 million acquisition loan for Bayonne industrial property, JLL says

Turnbridge Equities has acquired some 613,000 square feet of industrial space on nearly 18 acres in Bayonne with the help of an $80.27 million loan arranged by JLL.