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
Edison industrial building trades for $3.4 million, Zimmel says

The longtime owner of a 22,500-square-foot industrial building in Edison has sold the property after 25 years, under a transaction arranged by Zimmel Associates.

Industrial
C&W inks sale of 100,000 sq. ft. Meadowlands industrial building

Sitex Group has sold a roughly 100,000-square-foot industrial building in Carlstadt less than two years after acquiring it, in a newly announced transaction by Cushman & Wakefield.

People
Saxum announces five new hires amid growing development pipeline

Saxum Real Estate has announced five new hires to help support the firm’s ongoing growth in New Jersey and nationally.

Industrial
Logistics firm takes 59,000 sq. ft. in Salem County

A logistics and moving company has leased nearly 60,000 square feet at a Salem County industrial building, in a deal arranged by Lee & Associates of Eastern Pennsylvania.

Industrial
Buyer wanted for 60,400 sq. ft. Meadowlands industrial building

The owner of a 60,400-square-foot light industrial building in the Meadowlands is seeking a buyer, in a newly announced offering by JLL’s New Jersey team.

Finance & Capital Markets
C&W: Owner of Meadowlands, Union industrial portfolio inks $66 million refi loan

An investment group has refinanced a six-building industrial portfolio in Bergen and Union counties for $66 million, in a newly completed transaction by Cushman & Wakefield.

Finance & Capital Markets
PGIM inks $408 million senior loan facility for five-state, 4 million sq. ft. industrial deal

PGIM Real Estate has provided a $408 million senior loan facility for an institutional investor’s purchase of a five-state, 4 million-square-foot industrial portfolio.

Industrial
BRC: Piscataway parcel sold, slated for 76,000 sq. ft. industrial project

Duke Realty Corp. is planning a 76,000-square-foot industrial project in Piscataway after acquiring a nearly six-acre parcel near Interstate 287, according to Bussel Realty Corp.

Professional Services
Colliers taps veteran broker as senior managing director in New Jersey

Colliers International has bolstered its New Jersey brokerage team with the addition of a new senior managing director.

Industrial
Resource Realty: Developer set to begin 500,000 sq. ft. spec industrial project in N.Y.

A developer is preparing to break ground on a new 500,000-square-foot industrial project in New York’s Orange County, about 25 minutes north of the New Jersey border.