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.

Professional Services
Transwestern to close New Jersey office in early April, company says

Transwestern is closing its New Jersey office next month, a company representative said, in a move that comes a decade after the commercial real estate services firm entered the market.

Industrial
Dermody names new director of property management for East Coast portfolio

Dermody Properties has announced a new hire to the team overseeing its East Coast portfolio of industrial buildings.

Finance & Capital Markets
Stro inks $28 million refi for industrial buildings in Union, Bergen counties

The Stro Cos. has secured nearly $28 million to refinance a five-building, 340,000-square-foot portfolio of industrial buildings in Union and Bergen counties.

People
Saxum Real Estate announces new principals, promotions amid continued growth

By Joshua Burd Saxum Real Estate has announced two new principals and a series of promotions as the Summit-based developer and investment firm continues its growth nationally. The new principals include Chad DeBolt and Sean Gilbert, who both joined the…

Industrial
Union County industrial buildings fetch $2 million, BRC says

A provider of printing and packaging solutions has sold a two-building, 20,000-square-foot industrial portfolio in Union County, in a newly announced transaction by Bussel Realty Corp.

Industrial
CBRE: Developer plans 160,000 sq. ft. industrial project at ex-Kearny rehab complex

A developer has acquired 10 acres in Kearny with plans to build a new 160,000-square-foot distribution center at the site, according to brokers with CBRE.

Industrial
Investor adds 61,000 sq. ft. Mount Laurel industrial building, NAI Mertz says

An investment firm has made another addition to its southern New Jersey portfolio with its purchase of a 61,000-square-foot industrial building in Mount Laurel.

Industrial
Petrucci taps CBRE as leasing team for 1 million sq. ft. Logan industrial project

J.G. Petrucci Co. Inc. has named CBRE as its leasing agent for more than 1 million square feet of new industrial space in Logan Township, the first piece of a planned four-building campus.

Industrial
Three-building industrial park in Passaic County sold for $10 million, C&W says

A family partnership has sold a three-building industrial park in Passaic County for $10.2 million, in a newly announced transaction by Cushman & Wakefield.

Industrial
Colliers: Investment team adds 16,000 sq. ft. Camden County warehouse

An investment firm has added to its portfolio of industrial buildings in southern New Jersey, acquiring a 16,000-square-foot warehouse in eastern Camden County.