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
Investment firm adds 48,000 sq. ft. warehouse, expanding South Jersey holdings

An investment firm has acquired a 48,000-square-foot industrial building in Camden County for $2.7 million, according to brokers with Colliers International.

Finance & Capital Markets
JLL inks two loans for industrial portfolio in North Jersey, Rockland County

The owner of four industrial buildings in New Jersey and New York has refinanced the properties, under a set of newly announced transactions by JLL.

Industrial
Colliers: Sublease space on the rise in N.J. industrial sector, despite market’s strength

While industrial space remains in short supply, New Jersey is seeing a spike in new sublease offerings as smaller logistics firms feel the economic pinch of the pandemic.

Event Coverage
March of Dimes honors Milanaik, raises $270,000 in virtual progam

The March of Dimes has honored one of New Jersey’s top industrial developers as part of a popular commercial real estate industry fundraiser that was held virtually this year.

Industrial
Connors Agency inks industrial sales in Hillside, Linden

Two Union County industrial buildings have changed hands in recent weeks, in a set of transactions arranged by The William F. Connors Agency.

Policy Page
Taking the temperature of New Jersey’s economy and commercial real estate sector

We are now more than six months into the pandemic that shut down much of New Jersey’s economy in early March. I thought it would be a good time to pause to look at where we are in terms of recovering from the staggering unemployment and economic losses caused by the health crisis. There is some surprisingly good news, but it must be taken with a strong dose of caution.

Industrial
CBRE tapped to market 5.5 million sq. ft. logistics park just outside New Jersey

A developer has announced plans for what it says will be the largest industrial park on the East Coast, where CBRE is marketing 5.5 million square feet just over the New Jersey state line.

Industrial
Blackstone, Hampshire tap JLL to market 215,000 sq. ft. industrial project in West Caldwell

A joint venture is proceeding with plans to build more than 200,000 square feet of new industrial space at the site of a former office building in West Caldwell, according to brokers with JLL.

Industrial
Laboratory plastics maker acquires 30,000 sq. ft. warehouse in Woodbridge

A manufacturing company has acquired a 30,000-square-foot industrial building in Woodbridge, in a newly announced transaction by NAI James E. Hanson.

Finance & Capital Markets
JLL inks $25 million loan for 706,000 sq. ft. industrial building in Secaucus

The owner of a nearly 710,000-square-foot industrial building in Secaucus is refinancing the property for $25 million, under a newly announced transaction by JLL.