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.

Top News
Jumani named Tulfra CEO in expanded leadership role with development firm

Tulfra Real Estate President Sonny Jumani is assuming the title of CEO, expanding his leadership role with the Rochelle Park-based development firm.

Industrial
Dermody acquires, eyes upgrades at 72,000 sq. ft. warehouse in Moonachie

Dermody Properties has expanded its northern New Jersey industrial holdings with the acquisition of a roughly 72,000-square-foot building in Moonachie.

Industrial
NAI Hanson inks renewal, new lease at 71,000 sq. ft. warehouse in Parsippany

An industrial building in Parsippany is now fully leased after a pair of newly completed transactions by NAI James E. Hanson, the real estate services firm announced.

Industrial
Diversified inks partnership with self-storage consultant, eyeing continued growth

Seeking to grow its development pipeline in the self-storage sector, Diversified Properties has formed a new partnership with a well-known consulting firm in the industry.

Events
‘Meadowlands Cup’ golf event aims to highlight, build support for destination-based economy

Slated for Aug. 2, the first-ever Meadowlands Cup golf event will bring together business leaders and raise funds to support the Meadowlands 2040 Foundation— with a list of sponsors and participants that includes some of the state’s biggest names in the commercial real estate, construction and service industries.

Industrial
Logistics user takes 54,000 sq. ft. at Elizabeth industrial building

A logistics firm is moving to a newly renovated warehouse in Elizabeth, where it has leased 54,000 square feet as part of a deal announced Monday by NAI James E. Hanson.

Industrial
Union County warehouse trades for $1.2 million, BRC says

A buyer has paid nearly $1.2 million for a 7,100-square-foot industrial property in Union County, under a newly announced transaction by Bussel Realty Corp.

People
Dermody announces new partner for Morristown-based east region team

By Joshua Burd An executive with Dermody Properties’ regional team in Morristown has risen to the role of partner after less than four years with the development and investment firm. Robert Borny, who joined Dermody in October 2017, previously held…

Industrial
Edison warehouse changes hands for $11 million, Zimmel says

An investment group has purchased a fully leased, 63,000-square-foot warehouse in Edison, in an $11 million transaction arranged by Zimmel Associates.

Industrial
NAI Hanson: Hampshire acquires, plans upgrades at Allendale industrial building

The Hampshire Cos. has acquired a nearly 115,000-square-foot industrial building in Allendale, with plans to modernize the property through a series of upcoming renovations.