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.

People
Stro names new general counsel

The Stro Cos. has hired a veteran business and real estate lawyer as its new general counsel.

Industrial
Investment firm acquires 24,000 sq. ft. Meadowlands industrial building

A locally based investment firm has expanded its portfolio with the purchase of a 24,000-square-foot industrial building in Carlstadt.

Industrial
Silverman Group acquires former Family Dollar headquarters, warehouse near Charlotte

The Silverman Group has acquired a nearly 355,000-square-foot industrial building outside Charlotte, North Carolina, brokers with Avison Young announced Thursday.

Industrial
UPS coming to 880,000 sq. ft. logistics center in Bayonne, city officials say

A new UPS distribution center is coming to Lincoln Equities Group’s sprawling new industrial park in Bayonne, where officials say the carrier would lease nearly 900,000 square feet.

Industrial
Stro adds 77,000 sq. ft. value-add industrial building in Fairfield

The Stro Cos. has closed on a 77,000-square-foot industrial building in Fairfield, touting the property as a value-add acquisition with a lease that will expire in less than a year.

Policy Page
Regional mindset, new recipe needed to keep our talent and project pipeline flowing

It’s high time that New Jersey’s local officials start doing things differently and placing a higher priority on talent attraction, collaborative regional (not parochial) planning and being on the same page. Economic development experts from outside the state seemed to concur at NAIOP New Jersey’s recent Annual Meeting and Commercial Real Estate Outlook.

Industrial
Bridge details new 359,000 sq. ft. industrial project in Belleville

Bridge Development Partners has broken ground on nearly 360,000 square feet of new industrial space at the former site of a blighted manufacturing facility in Belleville, the firm announced.

Industrial
Duke Realty promotes New Jersey leasing rep

Duke Realty Corp. has announced a promotion within its New Jersey leasing team.

Deals
Transwestern: Paterson charter school eyes new location, acquires historic mill building

A charter school system has acquired a former industrial building in Paterson that it will use as its newest location, according to brokers with Transwestern Real Estate Services.

Industrial
BRC: Manufacturer takes 23,000 sq. ft. at New Brunswick industrial building

A paper bag manufacturer has leased 23,000 square feet of industrial space in New Brunswick, under a deal arranged by Bussel Realty Corp.