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.

Real Estate NJ’s 2022 Market Forecast

Every year has its ups and downs. Every market has highs and lows. Both were true when it came to New Jersey’s commercial real estate sector in 2021, a year that marked ongoing dominance for some asset classes, as COVID-19 continued to loom over others. Whether those trends endure in 2022 remains to be seen, but we’ve recruited some of the industry’s most prominent developers, service providers and insiders to help set the stage. You can find their predictions, insights and more in our special 2022 Market Forecast.

Conte takes over as SIOR New Jersey chapter president

A veteran broker with The Blau & Berg Co. has taken the reins as the Society of Industrial and Office Realtors’ New Jersey chapter president.

STRO refis Morris, Union industrial assets for $22 million

The STRO Cos. has refinanced warehouses in Morris and Union counties for a combined $22 million, the Ridgewood-based firm announced Tuesday.

Resource Realty completes 150,000 sq. ft. of central New Jersey transactions

A private investor has purchased a 68,000-square-foot industrial space in Eatontown for nearly $7.5 million, in one of several recent transactions by Resource Realty.

BRC named leasing agent at 207,000 sq. ft. Somerset industrial building

The owner of nearly 210,000 square feet of industrial space in Franklin Township has tapped Bussel Realty Corp. as its leasing agent.

JLL inks $15 million loan for new 146,000 sq. ft. industrial building in Hamilton

A joint venture has landed a $15.3 million acquisition loan for a newly developed industrial property in Hamilton, in a deal announced by JLL.

ESG: An effective agent for positive change and a profitable ROI for CRE

What is ESG — or environmental, social and governance? It is basically a framework to assess how a commercial real estate portfolio manages risks and opportunities resulting from shifting conditions, market and otherwise, to environmental, social and economic systems. Environmental criteria address a company’s impact on and stewardship of the environment. Social criteria refer to how a company manages relationships with and creates value for stakeholders, such as customers, employees, suppliers, communities and shareholders. Governance criteria refer to a company’s leadership and management philosophy, practices, policies, internal controls and shareholder rights, including diversity, equity and inclusion and transparency of procedures and decision-making.  

JLL sources $12 million refinancing of Port Newark industrial complex

JLL has arranged a $12 million facility loan for Port Newark Junction, a six-building, 154,149-square-foot industrial complex in Newark.

Colliers inks 190,000 sq. ft. at Cherry Hill industrial, flex park in 2021

Colliers is touting 190,000 square feet in leasing activity last year at the Cherry Hill Business Park, a roughly 616,000-square-foot complex in the township.

Developer plans new industrial space after buying Somerset office building, CBRE says

Another aging New Jersey office property could soon become industrial space, following a developer’s purchase of a 15-acre site in Franklin Township for nearly $31 million.