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
Essex County industrial parcel sold for $2 million, Lee & Associates New Jersey says

A trucking company has acquired a 1.25-acre industrial parcel in Irvington for just over $2 million, under a newly announced transaction by Lee & Associates New Jersey.

Industrial
Denholtz marks dual milestones in expansion of flex portfolio to Tinton Falls

Denholtz Properties is adding to its vast portfolio of flex industrial space, having completed its first building in Tinton Falls as it marks the start of another in the sought-after submarket.

Industrial
Investor buys historic 331,000 sq. ft. industrial complex in Paterson, C&W says

An investor has acquired a historic seven-building, 331,000-square-foot industrial complex in Paterson, in a newly announced transaction by Cushman & Wakefield.

Industrial
Kokes inks purchase of net-lease fitness center building in Monmouth

Kokes Properties has expanded its holdings with the acquisition of a roughly 16,000-square-foot fitness and training facility building in Wall Township.

Industrial
Yogurt bar maker expands to 33,000 sq. ft. at Piscataway industrial park, Zimmel says

A snack maker has expanded its presence at a Piscataway industrial park, leasing another 13,000 square feet beyond its original 20,000-square-foot commitment.

Finance & Capital Markets
C&W sources $115 million loan for LEG industrial development in Rutherford

A global investment manager is providing a $115 million construction loan for Lincoln Equities Group’s recently announced, 360,000-square-foot industrial project in Rutherford.

Industrial
BRC inks $5.7 million sale of Somerset industrial building

A maker of fashion accessories has sold a Somerset County industrial building for nearly $5.7 million, under a deal arranged by Bussel Realty Corp.

Industrial
JLL inks $14 million sale of Long Island light industrial asset

A nearly 100,000-square-foot light industrial property on Long Island has changed hands for $13.75 million, in a deal arranged by JLL’s Morristown-based capital markets team.

Industrial
LEG touts lease with Amazon for 360,000 sq. ft. Meadowlands distribution center project

Lincoln Equities Group has attracted Amazon to a planned industrial complex in the Meadowlands, inking a 360,000-square-foot lease with the e-commerce giant.

Industrial
Somerset office building, primed for industrial redevelopment, hits the market for sale

A vacant 200,000-square-foot office building in Somerset County is on the market for sale, providing what brokers say is a redevelopment opportunity in a growing industrial submarket.