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.

CBRE: Online returns, ‘reverse logistics’ fuel added demand for industrial space and 3PLs

The e-commerce explosion has fueled a surge in online returns — especially during the holiday season — driving additional demand for industrial space in New Jersey and nationally.

Investment firm buys 46,000 sq. ft. Burlington warehouse, Mertz says

An industrial owner has expanded its holdings in southern New Jersey, acquiring a 46,000-square-foot warehouse in Burlington Township.

For LSRPs, a steady pipeline for years to come

Michael Novak, president of Atlantic Environmental Solutions Inc. in Hoboken — Courtesy: AESI The Licensed Site Remediation Professional program has undoubtedly eased the state’s backlog of contaminated sites. In the years to come, that volume could be a fraction of the…

Stro touts purchase of Woodland Park industrial buildings

The Stro Cos. has closed on a two-building, 100,000-square-foot industrial portfolio in Woodland Park, its third acquisition in the past nine months.

JLL: Burlington industrial building trades for $10.7 million

A national investment firm has expanded its holdings in New Jersey, acquiring a 174,000-square-foot industrial building in Burlington County.

Pennsauken industrial buildings sell for $3.15 million

Two Pennsauken industrial buildings totaling 55,000 square have changed hands for more than $3.1 million, following a sale arranged by Colliers International.

Parting thoughts: Outgoing NAIOP New Jersey president reflects on chapter’s growth — and continued priorities

As Dave Gibbons wraps up his two-year term as NAIOP New Jersey’s president, he says the organization has made strides with public policy goals such as a new performance bond law and liquor license reform, while growing to nearly 850 members to become the association’s sixth-largest chapter in the country. But he believes there is always more work to be done in both the legislative arena and when it comes to networking and recruitment.

Washington preps for divided government in 2019: New Jersey may benefit

A newly elected Congress returns in January with Republicans enjoying a slightly expanded majority in the Senate and Democrats taking charge of the House of Representatives for the first time since 2010. I believe that the shift of power in the House to a Democratic majority has opened some opportunities for those of us in New Jersey commercial real estate.

Brooklyn electrical contractor buys Paterson building for $7.8 million

An electrical contractor is expanding into New Jersey with its purchase of a Paterson industrial building, under a $7.8 million deal arranged by Team Resources Inc.

REIT acquires Moorestown warehouse for $13.6 million

A real estate investment trust has acquired a newly updated, 209,000-square-foot industrial property in Moorestown, in a $13.55 million sale brokered by NAI Mertz.