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
Meadowlands warehouse trades for $2.7 million, Equity Real Estate says

An industrial building in the Meadowlands has changed hands for nearly $2.7 million, following a transaction arranged by Equity Real Estate Brokerage.

Industrial
NAI Hanson: Auto parts company takes 28,000 sq. ft. in South Hackensack

An auto parts distributor has leased nearly 28,000 square feet of industrial space in South Hackensack, under a newly announced transaction by NAI James E. Hanson.

Industrial
Stro, KRE detail plans for 205,000 sq. ft. industrial project in Woodland Park

Kushner Real Estate Group and The Stro Cos. have closed on a 16-acre development site in Woodland Park, with plans to build 205,000 square feet of new industrial space.

Professional Services
Cresa New Jersey announces new principals among latest additions

Tenant advisory firm Cresa has made four additions to its New Jersey brokerage team.

Industrial
BRC inks 40,000 sq. ft. industrial lease in New Brunswick

An industrial user has taken 40,000 square feet in New Brunswick, under a newly announced transaction by Bussel Realty Corp.

Industrial
New 76,000 sq. ft. industrial building coming to Morris County, Resource Realty says

Construction is underway for more than 75,000 square feet of new industrial space in Morris County, according to brokers with Resource Realty of Northern New Jersey.

Government & Public Policy
Application deadline near for EDA brownfields loan program

The state Economic Development Authority is seeking applicants for a new low-interest loan program for cleaning up contaminated property.

Industrial
NAI Mertz: Moving company takes 54,000 sq. ft. at Moorestown industrial building

A moving company is taking more than 54,000 square feet of industrial space in Moorestown, under a newly announced transaction by NAI Mertz.

Finance & Capital Markets
Cronheim: Furniture seller inks $50 million loan, buys 635,000 sq. ft. Hightstown facility

The occupier of a newly built, 635,000-square-foot distribution center in Hightstown has acquired the property with the help of a $50 million loan.

Industrial
Bridge details next phase in Phillipsburg, eyeing 1.7 million sq. ft. of new logistics space

Bridge Development Partners is set to kick off the next piece of its sprawling industrial park in Warren County, where it plans to add nearly 1.7 million square feet.