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.

Events
Industry leaders reunite, reconnect at first NAIOP New Jersey event post-pandemic

Commercial real estate leaders gathered Thursday in Holmdel, where NAIOP New Jersey honored several companies as the industry took a key step in moving beyond the pandemic.

Industrial
Rose Commercial: Camden County industrial building sold to end user

An industrial user has acquired a nearly 39,000-square-foot property in Camden County for some $2.6 million, in a newly announced transaction by Rose Commercial Real Estate.

Finance & Capital Markets
Cronheim sources $16 million loan for 360,000 sq. ft. industrial site in Edison

The owner of a nearly 360,000-square-foot industrial building in Edison has secured $16 million in financing, under a transaction arranged by Cronheim Mortgage.

Industrial
Joint venture sells 50,000 sq. ft. distribution center in Somerset County, JLL says

Elberon Development Group and The Avidan Group have sold a fully leased, 50,400-square-foot industrial property in Branchburg, in a transaction arranged by JLL.

Industrial
NAI Hanson: Marble, stone distributor takes 13,000 sq. ft. in Teaneck

A marble and stone distributor has leased 13,000 square feet of industrial space in Teaneck, following a fire at a previous location that forced it to find a new home in the region.

Industrial
Sitar brokers 125,000 sq. ft. lease for build-to-suit industrial project in Tinton Falls

A developer has signed a full-building lease for what will be a 125,000-square-foot warehouse in Monmouth County, under a newly announced deal by Sitar Realty Co.

Industrial
Boniakowski inks sale of 28,000 sq. ft. Piscataway industrial building

An industrial building in Piscataway has changed hands for $4.3 million, according to a brokerage team with The Boniakowski Commercial Real Estate Group.

Industrial
Elberon, Avidan sign lease with Carvana at recently acquired Baltimore site

Elberon Development Group and The Avidan Group have secured a tenant at a 4.5-acre property in Baltimore, having recently acquired the site as their first outside New Jersey.

Finance & Capital Markets
C&W: Advance, Greek land $43 million loan for next phase of Logan industrial site

A development team has secured a nearly $43 million construction loan for the second phase of a 3.2 million-square-foot industrial park project in Logan Township.

Industrial
Maritime logistics firm takes 8,600 sq. ft. in Sayreville, BRC says

A logistics user has leased nearly 8,600 square feet of industrial space in Sayreville, in a newly announced transaction by Bussel Realty Corp.