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 eyes growth in asset management, adds senior VP

A longtime property management executive has joined Transwestern as a senior vice president based in its Florham Park office.

Industrial
Tulfra inks $10.3 million loan for Rochelle Park self-storage project

Tulfra Real Estate is on track to begin its redevelopment of a former AT&T data center site in Rochelle Park after landing a $10.3 million construction loan for a new self-storage facility.

Industrial
Blackstone buys Meadowlands development site for $8 million, CBRE says

The Blackstone Group has acquired a Lyndhurst development site that can accommodate more than 85,000 square feet of new warehouse and distribution space, brokers with CBRE announced.

Industrial
NAI Hanson inks sale of 7,800 sq. ft. Hackensack property

An electrical contractor has acquired a 7,800-square-foot industrial and flex property in Hackensack, under a transaction arranged by NAI James E. Hanson.

Events
NAIOP panel: Disruptors abound in CRE, from co-working to reverse logistics

Commercial real estate faces no shortage of disruptive forces, a panel of industry leaders told NAIOP New Jersey last week, citing everything from ridesharing services and automation to changing corporate and consumer preferences.

Industrial
Stro acquires 55,000 sq. ft. industrial portfolio in Clifton

The Stro Cos. has added to its holdings in Clifton with the acquisition of a two-building, 55,000-square-foot portfolio in the city.

Events
NAIOP unveils 2019 gala honorees, installs new chapter president

NAIOP New Jersey will honor two of the industry’s top players in capital markets and commercial mortgage banking as part of its annual awards gala this spring, where it will also recognize a pair of influential developers and one of the state’s longest-serving mayors.

Industrial
Hampshire details plans for self-storage facility at historic Elizabeth building

A historic armory building in downtown Elizabeth is primed to become a new self-storage facility, under an adaptive reuse plan announced Thursday by The Hampshire Cos.

Industrial
HFF: Avidan, Elberon add 135,000 sq. ft. warehouse in Jersey City

A joint venture has acquired a vacant, 134,500-square-foot warehouse just off the New Jersey Turnpike extension in Jersey City, in a newly announced transaction by HFF.

Industrial
NAI Hanson: HVACR wholesaler takes 13,600 sq. ft. in Cranbury

A heating and cooling supply wholesaler is expanding its footprint in New Jersey with a new 13,600-square-foot lease in Cranbury, real estate services firm NAI James E. Hanson said.