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
Zimmel inks $2.1 million sale of Somerset flex building

A maker of medical diagnostic tests has acquired a 17,000-square-foot flex building in the Somerset section of Franklin, following a transaction brokered by Zimmel Associates.

Industrial
AY: Despite demand, New Jersey starved for new cold storage space

New Jersey remains one of the nation’s most underserved markets for cold storage space, despite its potential to share in the expanding market for fresh food and online grocery delivery.

Industrial
Hampshire, Harrison Street unveil self-storage platform along I-95 corridor

The Hampshire Cos. is deepening its push into self-storage, announcing a new joint venture and development plan with one of the industry’s largest alternative investment firms.

Finance & Capital Markets
Investors touts $2.48 billion in commercial real estate lending in 2018

Investors Bank inked nearly $2.5 billion in commercial real estate loans in 2018, including $385 million in volume across 19 transactions to close out the year.

Industrial
Megaprojects: Klatskin, Milanaik detail two of New Jersey’s largest industrial developments

A pair of top industrial developers offered a glimpse at two of New Jersey’s largest warehouse and logistics projects, detailing plans that would add nearly 7 million square feet across two coveted submarkets.

Top News
Tulfra, Hampshire tout start of construction at mixed-use project in Belleville

Tulfra Real Estate and The Hampshire Cos. are nearing completion of the first piece of a 500,000-square-foot, mixed-use development at a former Roche Diagnostics site in Belleville.

Industrial
Sitex acquires 100,000 sq. ft. Meadowlands property

Sitex Group has acquired a 100,000-square-foot warehouse building in Carlstadt, one of three recent additions to its industrial portfolio in New Jersey and New York.

Industrial
Snack box maker takes 33,000 sq. ft. sublease in Carlstadt, Atlantic says

An e-commerce company focused on snack foods has taken 33,000 square feet in Carlstadt, under a newly announced sublease by Atlantic Real Estate Services.

Professional Services
NKF announces new hires in New Jersey financial reporting group

Newmark Knight Frank has bolstered its valuation and advisory practice in New Jersey with two of its newest hires.

Professional Services
Lee & Associates adds longtime N.J. property management exec

Lee & Associates has hired a veteran property management executive to help expand the firm’s practice and support its existing clients in New Jersey.