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
Linden industrial building trades for $1 million, BRC says

A flavor and food ingredients company has purchased an 8,000-square-foot industrial building in Linden for more than $1 million, according to brokers with Bussel Realty Corp.

Industrial
Hair products maker takes 59,000 sq. ft. at Meadowlands industrial building

A hair products company is expanding into nearly 60,000 square feet of industrial space in Moonachie, in a newly completed lease by Team Resources Inc.

Finance & Capital Markets
New York Life lends $65 million for new Kearny industrial project

New York Life Real Estate Investors has completed a $65 million loan to the developer of a nearly 420,000-square-foot industrial building in Kearny.

Industrial
Importer buys 16,200 sq. ft. warehouse in Elizabeth, Team Resources says

An importing company has acquired a 16,200-square-foot industrial building in Elizabeth, under a newly announced transaction by Team Resources Inc.

Industrial
Marcus brokers sale of 45,000 sq. ft. flex industrial complex in Toms River

A private buyer has purchased a two-building, 45,000-square-foot flex industrial property in Toms River, brokers with Marcus & Millichap announced Wednesday.

Professional Services
Garibaldi Group announces new, multigenerational leadership structure

The Garibaldi Group has made a major change to its leadership structure, including a move that brings the firm’s fourth generation into the uppermost ranks of its management team.

Industrial
Health, quality of life a growing focus in designing warehouse and logistics buildings

The race to attract quality labor has led industrial developers and users to focus increasingly on wellness-oriented design and features, but that shift has become all the more important in recent months as occupiers look to keep employees safe from COVID-19.

Industrial
Endurance, PCCP announce 58,000 sq. ft. industrial lease in Delran

A joint venture has inked a nearly 58,000-square-foot industrial lease in Burlington County, securing a full-building commitment from an area pet store operator.

Professional Services
BRC: Newest sales associate to focus on luring businesses from Brooklyn

Bussel Realty Corp. has made another addition to its brokerage team with the hiring of a former real estate executive for a consumer electronics company.

Industrial
Newmark Group adds six New Jersey industrial brokers among 11 new hires

Newmark Group Inc. has expanded its New Jersey industrial team with six new brokers, who are among 11 newly added professionals across its offices in North America.