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
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.

Industrial
Endurance breaks ground on 289,000 sq. ft. warehouse project in Burlington Twp.

A developer has broken ground on a two-building industrial project that will bring nearly 300,000 square feet of new warehouse space to Burlington Township.

Industrial
Bridge, furniture maker ink 309,000 sq. ft. lease in Somerset, NAI DiLeo-Bram says

A furniture manufacturer has leased more than 300,000 square feet at Bridge Development Partners’ newly built industrial park in Franklin Township, NAI DiLeo-Bram & Co. announced.

Professional Spotlight
Larken names new in-house counsel amid growing deal volume

Larken Associates has announced the hiring of a new in-house corporate counsel, citing its high leasing velocity across its mix of commercial properties in several states.