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
Fidelco, Elberon announce start of FreezPak facility on Newark-Elizabeth border

Construction is underway on a new 140,000-square-foot freezer warehouse facility that will bring new life to an abandoned industrial site on the border of Elizabeth and Newark.

Industrial
Contractor acquires 12,000 sq. ft. industrial building in Pennsauken

A sheet metal contractor is relocating to a flex industrial building in Pennsauken after acquiring the 12,000-square-foot property, according to Wolf Commercial Real Estate.

Industrial
E-commerce user expands by 103,000 sq. ft. at Pennsauken warehouse

An e-commerce user is expanding at a Pennsauken warehouse just months after taking occupancy at the property, according to Binswanger Commercial Real Estate Services.

Professional Services
CIANJ taps Hanson as board chair

NAI James E. Hanson President William C. Hanson has taken over as board chair of one of northern New Jersey’s top business advocacy networks.

Policy Page
A mid-pandemic snapshot of the CRE industry

While there has been some gradual improvement in commercial real estate deal activity from earlier this year, nearly half of those taking part in a recent NAIOP survey believe the pandemic will significantly affect their business operations for at least another 12 months.

Finance & Capital Markets
G.S. Wilcox touts $43 million in loans for North Jersey industrial buildings

The owners of three northern New Jersey warehouses have secured a combined $42.5 million in financing, in a series of newly announced transactions by G.S. Wilcox & Co.

Industrial
Eatontown industrial building fetches $4.25 million, Gramercy Real Estate says

A Brooklyn-based investor has acquired a nearly 44,000-square-foot industrial building in Monmouth County, in a newly announced transaction by Gramercy Real Estate LLC.

Industrial
Design, construction firm touts start of 50,000 sq. ft. logistics hub in Piscataway

A design and construction firm has broken ground on a new industrial project in Piscataway, the future home of a locally based transportation and logistics company.

Professional Services
Garibaldi kicks off broker apprenticeship program with two hires

The Garibaldi Group has made its first two hires under an apprenticeship program aimed at positioning its brokerage team for the future.

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

The owner of a nearly 70,000-square-foot industrial building in Piscataway has signed a lease for more than half of the property, in a transaction arranged by Bussel Realty Corp.