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
Mapletree plans new 420,000 sq. ft. logistics facility after buying 38-acre Poconos parcel

Mapletree Investments is planning its next industrial project in the region after acquiring nearly 38 acres in Eastern Pennsylvania, some 20 miles west of the New Jersey border.

Professional Services
PREMIER Design + Build welcomes Rosa as vice president of construction in east region

PREMIER Design + Build Group has named William Rosa as vice president of construction for its eastern region, filling a key leadership post as it continues its growth in the market.

Industrial
Accurate inks 80,000 sq. ft. lease at Perth Amboy industrial building, BRC says

Commercial real estate firm Accurate has secured a new 80,000-square-foot industrial lease in Perth Amboy, in a deal announced Tuesday by Bussel Realty Corp.

Professional Services
Otteau Group, influential appraisal and advisory firm, promotes Montferrat to partner

The Otteau Group has elevated Connor Montferrat to partner, citing his contributions, leadership and service to clients since he joined the Matawan-based firm in 2017.

Industrial
Doren Development, towing firm ink new lease for Irvington industrial outdoor storage site

Doren Development has secured a tenant for two acres of newly vacant industrial outdoor storage property in Irvington, the firm announced last week.

Industrial
Stonemont adds to New Jersey holdings with 67,000 sq. ft. industrial service facility in Logan

Stonemont Financial Group has acquired a 67,000-square-foot industrial service facility in Logan Township, expanding its holdings in the Northeast and in a growing asset class.

Industrial
Packaging startup takes 210,000 sq. ft. at new Greek, Principal warehouse in Pennsylvania

Greek Real Estate Partners and Principal Asset Management have filled a new industrial facility in Pennsylvania, leasing more than 210,000 square feet to a robotics-driven packaging firm.

Industrial
Crow Holdings eyes third Philly project after acquiring site for 104,000 sq. ft. warehouse

Crow Holdings Development has acquired a parcel in Philadelphia with full approvals in place for nearly 104,000 square feet of new high-end logistics space.

Finance & Capital Markets
Cooper Horowitz: Self-storage builder lands $14 million construction loan

The developer of a new self-storage facility in Mount Laurel has secured more than $14 million in construction financing, in a deal arranged by Cooper Horowitz.

Technology
JLL: Banking, AI fueling continued growth of New Jersey data center market, despite hurdles

Despite rising energy costs and major capacity shortfalls, New Jersey continues to draw interest as a destination for new data center development.