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
Spice company renews lease at 54,000 sq. ft. industrial building in Millburn, BRC says

An herb and spice company has renewed its full-building, 53,500-square-foot lease at a Millburn industrial building, brokers with Bussel Realty Corp. announced Monday.

Technology
Denholtz Properties sees innovation as crucial to business operations, investor relations

Denholtz Properties has spent nearly a decade seeking to modernize and weave technology into virtually every facet of its operation, in an effort that became all the more pronounced in 2020.

Finance & Capital Markets
Peapack-Gladstone Bank names new top executives in commercial banking

Peapack-Gladstone Bank has made two key promotions within its commercial lending team, elevating two veteran bankers with a combined six decades of experience.

Industrial
Investor acquires new 146,000 sq. ft. warehouse in Hamilton, CBRE says

An investment firm has added to its fast-growing portfolio in the state, acquiring a soon-to-be-completed industrial building in Hamilton for $29.6 million.

Industrial
Devli marketing space at cold storage, warehouse buildings in Meadowlands

A local landlord is seeking tenants for two Meadowlands industrial buildings, including a cold storage and a commissary kitchen in one property and a newly renovated warehouse.

Industrial
Roselle Park warehouse fetches $4.65 million, Lee & Associates New Jersey says

An 80,000-square-foot warehouse in Union County has changed hands for $4.65 million, brokers with Lee & Associates New Jersey announced Wednesday.

Industrial
JLL: Marketing, PR firm sells Eatontown flex building

A marketing and public relations firm has sold a 36,500-square-foot flex facility in Eatontown, in a transaction arranged by brokers with JLL.

Professional Services
NAI DiLeo-Bram adds associate vice president to growing brokerage team

NAI DiLeo-Bram & Co. has bolstered its team of industrial brokers with the addition of a new associate vice president.

Deals
Contractor acquires 2.7-acre Roxbury site for office space, equipment storage

A production and construction management company is relocating within Morris County after acquiring a 2.7-acre property in Roxbury, according to NAI James E. Hanson.

Sponsored Content
Planting the Seed for A Greener New Jersey: The Intersection of Legal Cannabis and Real Estate in the Garden State (Part 1)

Most are undoubtedly aware that, in this past election, New Jersey voters overwhelmingly passed a ballot initiative to legalize the recreational use of cannabis for adults age 21 years or older. Due to our state’s geographic location and dense population, experts predict this marketplace will quickly become a multibillion-dollar industry. As we wait for the cannabis sector to spark up in New Jersey, now more than ever, those interested in joining the industry should evaluate what type of real estate space is best suited for this emerging industry, which will differ based on the type of cannabis license it seeks.