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
Outsized impact: New Jersey warehouses support 1.35 million jobs, $113 billion in personal income, study finds

Warehouses and distribution centers in New Jersey are home to more than 760,000 on-site employees and support more than 1.35 million jobs overall, according to a newly released report, highlighting the vital role that the facilities play in the state’s economy.

Industrial
C&W: Alexander Properties sells Mahwah, Fairfield industrial portfolio to Faropoint

Alexander Properties has sold a nearly 124,000-square-foot industrial portfolio in northern New Jersey to Faropoint, the fast-growing real estate investment manager based in Hoboken.

Finance & Capital Markets
JLL: Bridge Industrial snags $27 million bridge loan for new Piscataway warehouse

Bridge Industrial has secured $27.1 million in bridge financing for a nearly 148,000-square-foot warehouse in Piscataway, in a newly announced deal by JLL.

Industrial
Contractor buys 28,000 sq. ft. warehouse on 3.4 acres in Fairfield for $8.7 million, NAI Hanson says

The site of a 28,000-square-foot warehouse with excess land in Fairfield has changed hands for nearly $8.75 million, brokers with NAI James E. Hanson announced Tuesday.

Professional Services
Sheldon Gross to manage 131,000 sq. ft. commercial, industrial portfolio in Central Jersey

The owners of five commercial buildings in Monmouth and Middlesex counties have tapped Sheldon Gross Realty to manage the properties.

Industrial
Event rental company inks lease at newly sold Hillsborough industrial building, Deluccia says

An investor has purchased and quickly filled a 6,000-square-foot commercial building in Hillsborough, in a set of transactions managed by Deluccia Commercial Group.

Industrial
Herbal therapeutics maker leases 3,000 sq. ft. at South Plainfield warehouse, BRC says

A company that develops plant-based ingredients and supplements has taken 3,000 square feet of industrial space in South Plainfield, brokers with Bussel Realty Corp. said Monday.

Industrial
NAI Mertz closes sale of 106,000 sq. ft. Mount Laurel industrial building

A private business has purchased a 106,000-square-foot industrial property in Mount Laurel, paying an undisclosed price in a deal arranged by NAI Mertz.

Finance & Capital Markets
Kennedy Funding closes $3 million loan to advance Washington State cold storage project

A cold storage project in Washington State is moving ahead with the help of a new $3 million loan from Kennedy Funding, the New Jersey-based direct private lender announced.

Industrial
CBRE: Genesis buys South Brunswick industrial outdoor storage parcel for $5.7 million

Investment group Genesis has picked up another industrial outdoor storage property in New Jersey, buying a five-acre site in South Brunswick’s Dayton section for $5.7 million.