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
Construction underway at two-building, 574,000 sq. ft. industrial project in East Windsor

A contractor is touting the start of a project that will bring more than 570,000 square feet of new industrial space to the Exit 8 submarket along the New Jersey Turnpike.

Industrial
Turnbridge, Harbor Group sell Parsippany industrial building for $85 million

A joint venture has sold a Parsippany industrial building for more than $85 million, marking the culmination of a two-year investment and turnaround for the 550,000-square-foot property.

Industrial
Developer closes on nine-acre industrial site in Burlington, WCRE says

A developer has acquired nine acres inside a Burlington industrial park, seeking to tap into the surging demand for warehouse and logistics space in the region.

Industrial
Bridge sells 2.2 million sq. ft. Phillipsburg industrial portfolio to PGIM for $275 million

Bridge Development Partners has announced the sale of a four-building, 2.2 million-square-foot industrial portfolio in Phillipsburg, the first piece of a massive project near Interstate 78.

Industrial
Stro acquires 78,000 sq. ft. Fairfield warehouse, Sheldon Gross says

The Stro Cos. has acquired an industrial building in Fairfield for $8.75 million, in a newly announced transaction by Sheldon Gross Realty.

Industrial
Trucking firm leases 29,000 sq. ft. in Elizabeth, NAI Hanson says

A trucking company has taken nearly 29,000 square feet of warehouse and distribution space in the heart of Elizabeth’s port district, according to brokers with NAI James E. Hanson.

Industrial
NAI Hanson: Distributor finds new home in Fairfield, takes 10,400 sq. ft.

An appliance wholesaler is relocating within Fairfield after signing a 10,400-square-foot industrial lease in the township, brokers with NAI James E. Hanson announced.

Industrial
Diversified, Hampshire affiliates buy Montville industrial portfolio, Resource Realty says

A joint venture has closed on a five-building, 100,000-square-foot industrial portfolio in Montville, in a newly announced transaction by Resource Realty of Northern New Jersey.

Industrial
BRC: New Jersey firm acquires 188,000 sq. ft. industrial building in Georgia

A Carteret-based investor has expanded its out-of-state portfolio, acquiring a 188,225-square-foot industrial building in Georgia for more than $14 million.

Industrial
Chilmark announces New Jersey industrial, office deals totaling 120,000 sq. ft.

A retail distributor has leased nearly 80,000 square feet of industrial space in Hamilton, in the largest of four newly announced transactions by Chilmark Real Estate Services.