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
Urban Edge signs 130,000 sq. ft. industrial lease at converted retail building in Lodi

A developer that is converting a Lodi retail building into industrial space has landed a tenant for the project, inking a 130,000-square-foot lease with a grocery wholesaler.

Finance & Capital Markets
Investors Bank touts $90 million in New Jersey loans among recent CRE activity

Investors Bank has closed nearly a dozen commercial real estate loans valued at $227 million in recent months, including more than $90 million in transactions for its New Jersey clients.

Industrial
Data services firm expands, takes 27,000 sq. ft. in South Hackensack, NAI Hanson says

An IT services firm is expanding in South Hackensack, where’s it’s leasing more than 27,000 square feet of industrial space at a building just north of Interstate 280.

Events
NAIOP honors deals of the year, industry icons as virtual gala marks 50th anniversary

The state’s commercial real estate community gathered virtually on Wednesday as NAIOP New Jersey honored a group of transformative projects and industry leaders, including the family of a developer who helped found the chapter a half-century ago.

Industrial
Camber acquires 88,000 sq. ft. industrial building in Morris County

An investment firm has expanded its northern New Jersey industrial portfolio with the acquisition of a nearly 90,000-square-foot property in East Hanover.

Deals
Industrial-turned-church building in Hackensack changes hands, NAI Hanson says

A local church has sold a converted industrial building in Hackensack, securing a deal with another faith-based organization that will move into the property.

Top News
A look at NAIOP New Jersey’s Deal of the Year finalists

Nine of the state’s most impactful development projects will take center stage Wednesday night as NAIOP New Jersey hosts its annual commercial real estate awards gala.

Industrial
Kislak inks new leases totaling 52,000 sq. ft. in northern, central New Jersey

An automotive detailer and storage business has leased 10,000 square feet at a Flemington warehouse, in the largest of several newly announced deals by The Kislak Co. Inc.

Industrial
Petrucci, PGIM detail 511,000 sq. ft. spec industrial project in Phillipsburg

More than 500,000 square feet of new industrial space is coming to Phillipsburg, under a newly announced project by J.G. Petrucci Co. Inc. and PGIM Real Estate.

Industrial
Newmark inks sale of 12,000 sq. ft. flex building in Branchburg

A local owner has acquired a 12,000-square-foot industrial flex building in Somerset County, in a newly completed transaction by Newmark Associates.