New Jersey remains one of the nation’s most underserved markets for cold storage space, despite its potential to share in the expanding market for fresh food and online grocery delivery.
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.
Hampshire, Harrison Street unveil self-storage platform along I-95 corridor
The Hampshire Cos. is deepening its push into self-storage, announcing a new joint venture and development plan with one of the industry’s largest alternative investment firms.
Investors touts $2.48 billion in commercial real estate lending in 2018
Investors Bank inked nearly $2.5 billion in commercial real estate loans in 2018, including $385 million in volume across 19 transactions to close out the year.
Megaprojects: Klatskin, Milanaik detail two of New Jersey’s largest industrial developments
A pair of top industrial developers offered a glimpse at two of New Jersey’s largest warehouse and logistics projects, detailing plans that would add nearly 7 million square feet across two coveted submarkets.
Tulfra, Hampshire tout start of construction at mixed-use project in Belleville
Tulfra Real Estate and The Hampshire Cos. are nearing completion of the first piece of a 500,000-square-foot, mixed-use development at a former Roche Diagnostics site in Belleville.
Sitex acquires 100,000 sq. ft. Meadowlands property
Sitex Group has acquired a 100,000-square-foot warehouse building in Carlstadt, one of three recent additions to its industrial portfolio in New Jersey and New York.
Snack box maker takes 33,000 sq. ft. sublease in Carlstadt, Atlantic says
An e-commerce company focused on snack foods has taken 33,000 square feet in Carlstadt, under a newly announced sublease by Atlantic Real Estate Services.
NKF announces new hires in New Jersey financial reporting group
Newmark Knight Frank has bolstered its valuation and advisory practice in New Jersey with two of its newest hires.
Lee & Associates adds longtime N.J. property management exec
Lee & Associates has hired a veteran property management executive to help expand the firm’s practice and support its existing clients in New Jersey.
JLL: Investors plan upgrades after acquiring 1.1 million sq. ft. Newark industrial complex
A joint venture has acquired the former Ballantine Brewery site in Newark for $61 million, adding a 1.1 million-square-foot, multitenant industrial complex in the port submarket.
