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
Hillwood breaks ground on 221,000 sq. ft. spec industrial project in Hamilton

Hillwood has started construction on what will be nearly 221,000 square feet of new industrial space in Hamilton, adding to the Dallas-based firm’s development pipeline in New Jersey.

Industrial
I-80 corridor shines as RRNNJ inks Warren, Morris industrial deals totaling 116,000 sq. ft.

An industrial user has leased more than 45,000 square feet in Hackettstown, in the largest of four new deals along Interstate 80 by Resource Realty of Northern New Jersey.

Industrial
Eden Wood, event rentals company ink 32,000 sq. ft. industrial lease in Jersey City, BRC says

An event rental company has taken nearly 32,000 square feet at a Jersey City industrial building, in a newly announced deal by Bussel Realty Corp.

Top News
Joe Morris, big-box developer and giant of New Jersey commercial real estate, dies at age 81

Joe Morris, the co-founder of the Morris Cos. who was known for his commanding presence and leadership in New Jersey’s commercial real estate sector, died last week. He was 81.

Industrial
Velocity-owned small-bay industrial park in Marlton now fully leased, NAI Mertz says

Velocity Venture Partners has leased up a 160,000-square-foot industrial park in Burlington County in tandem with an NAI Mertz brokerage team, the firms announced last week.

Finance & Capital Markets
C&W: Saxum, Penwood ink $19.6 million construction loan for Parsippany warehouse project

A joint venture has scored a $19.6 million construction loan for a more than 128,000-square-foot industrial project in Parsippany, brokers with Cushman & Wakefield said Thursday.

Industrial
IDI buys vacant office site in Somerset, plans 213,000 sq. ft. warehouse project

IDI Logistics has revealed plans to build more than 200,000 square feet of new industrial space along Interstate 287 after acquiring a vacant office park in the Somerset section of Franklin.

Industrial
Velocity leases 36,000 sq. ft. in three new deals at Gloucester County industrial property

Velocity Venture Partners has added three tenants at a Gloucester County industrial building, leaving just one space available at the roughly 68,000-square-foot facility.

Finance & Capital Markets
Secaucus industrial owner lands $111 million loan for 800,000 sq. ft. portfolio, Wilcox says

The owner of more than 800,000 square feet of industrial space in northern New Jersey has secured $110.5 million in permanent financing, in a deal arranged by G.S. Wilcox & Co.

Industrial
New tenant at Harrison industrial complex takes 214,000 sq. ft., Blau & Berg says

A private occupier has leased more than 214,000 square feet of industrial space at a well-known property in Harrison, in a newly announced deal by The Blau & Berg Co.