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
Duke Realty, furniture chain detail 620,000 sq. ft. industrial lease in Piscataway

Duke Realty Corp. has preleased more than 600,000 square feet of speculative industrial space in Piscataway, securing a commitment from a well-known furniture chain.

Industrial
Stro inks 220,000 sq. ft. cold storage lease in Clifton with online ethnic grocer

The Stro Cos. has completed a 220,000-square-foot industrial lease in Clifton with a fast-growing, online specialty grocer, touting continued demand from food and cold storage users.

Finance & Capital Markets
JLL: Joint venture lands $12.7 million loan for Hamilton warehouse project

The developers of a new 171,000-square-foot industrial project in Hamilton have obtained nearly $13 million in financing for the project, according to a debt placement team with JLL.

Finance & Capital Markets
JLL makes two promotions on New Jersey capital markets team

JLL has announced two promotions within its New Jersey capital markets office.

Industrial
Investment firm adds head of acquisitions, associate for growing industrial platform

A real estate investment firm has made two new hires to support its growing industrial portfolio in New Jersey and the surrounding region.

People
Stro names new general counsel

The Stro Cos. has hired a veteran business and real estate lawyer as its new general counsel.

Industrial
Investment firm acquires 24,000 sq. ft. Meadowlands industrial building

A locally based investment firm has expanded its portfolio with the purchase of a 24,000-square-foot industrial building in Carlstadt.

Industrial
Silverman Group acquires former Family Dollar headquarters, warehouse near Charlotte

The Silverman Group has acquired a nearly 355,000-square-foot industrial building outside Charlotte, North Carolina, brokers with Avison Young announced Thursday.

Industrial
UPS coming to 880,000 sq. ft. logistics center in Bayonne, city officials say

A new UPS distribution center is coming to Lincoln Equities Group’s sprawling new industrial park in Bayonne, where officials say the carrier would lease nearly 900,000 square feet.

Industrial
Stro adds 77,000 sq. ft. value-add industrial building in Fairfield

The Stro Cos. has closed on a 77,000-square-foot industrial building in Fairfield, touting the property as a value-add acquisition with a lease that will expire in less than a year.