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
JLL inks $17 million loan package for Denholtz portfolio in Toms River, Lehigh Valley

Denholtz Properties has secured nearly $17 million to refinance a six-building industrial portfolio in Ocean County and Pennsylvania’s Lehigh Valley, brokers with JLL said.

Events
NAIOP New Jersey to honor Klatskin, renames lifetime achievement award in father’s honor

NAIOP New Jersey has renamed its prestigious Lifetime Achievement Award in memory of the late Charles Klatskin, the pioneering developer and founder of Forsgate Industrial Partners, with plans to bestow the honor on his son at the association’s largest annual event.

People
Kokes Properties announces promotion of longtime employee to controller

A longtime employee of Kokes Properties and its predecessor businesses has earned a promotion to the position of controller.

Industrial
JLL inks sale of industrial-zoned parcel in Meadowlands

An undisclosed buyer has purchased a three-acre industrial parcel in Carlstadt, in a deal arranged by brokers with JLL.

People
Diversified Properties names vice president of land development

A veteran engineer and development executive has joined Diversified Properties, in a move that bolsters the in-house team of the Montville-based commercial real estate firm.

Industrial
Sheldon Gross: Novartis subsidiary expands in Millburn, acquires 5,000 sq. ft. building

A life sciences company has expanded its footprint in Millburn with its purchase of a 5,000-square-foot commercial building, according to brokers with Sheldon Gross Realty.

Industrial
BRC reps buyer in deal for 44,000 sq. ft. industrial building in Piscataway

A business owner has acquired a nearly 45,000-square-foot industrial property in Piscataway for more than $5.5 million, in a newly announced transaction by Bussel Realty Corp.

Industrial
WCRE inks sale of 8,700 sq. ft. flex building in Southampton

A real estate firm has acquired nearly 8,700 square feet of commercial space in the Burlington County township of Southampton, according to Wolf Commercial Real Estate.

Industrial
Bridge Industrial names new vice president of cold storage

Development firm Bridge Industrial has named a new vice president of cold storage, as it looks to continue its growth in a booming segment of the warehouse and logistics market.

Industrial
Joint venture taps Avison Young, C&W for 702,000 sq. ft. industrial project in Burlington

A joint venture has unveiled plans for a project that will add more than 700,000 square feet of new industrial space to the Burlington County borough of Palmyra.