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
JLL: Lincoln Equities, PCCP acquire Rockland County industrial portfolio for $54 million

An industrial portfolio some 10 miles north of Bergen County has sold for more than $50 million, in a deal arranged by JLL’s Morristown-based capital markets team.

Finance & Capital Markets
Spencer inks $22 million loan in Meadowlands for global manufacturing client

Spencer Savings Bank has closed a $22 million mortgage tied to a distribution center in the Meadowlands, touting it as the single-largest transaction in its history.

Industrial
CBRE: Picture frame maker relocating, acquires 45,000 sq. ft. building in Somerset

A picture frame manufacturer has acquired a roughly 45,000-square-foot industrial building in the Somerset section of Franklin, in a newly announced transaction by CBRE.

Professional Services
WCRE adds business development adviser

Wolf Commercial Real Estate has announced the hiring of a new business development adviser to help bring the firm’s services to new clients.

Industrial
Global logistics, fulfillment firm takes 347,000 sq. ft. in Edison, CBRE says

An international logistics company has leased nearly 350,000 square feet at a newly built industrial building in Edison, according to a brokerage team with CBRE.

Industrial
Sitex adds industrial properties in Middlesex, Union counties

Sitex Group has expanded its New Jersey industrial portfolio with two acquisitions about 13 miles apart, including a vacant site and a 23,000-square-foot warehouse.

Industrial
Crow Holdings details plans for 1.2 million sq. ft. industrial park in Carteret

Crow Holdings Industrial has acquired 126 acres along the New Jersey Turnpike in Carteret, where it plans to develop a three-building, 1.2 million-square-foot industrial park.

Industrial
Camber taps NAI Mertz as leasing agent for South Jersey, Pennsylvania portfolio

The new owner of a 24-building, 1.24 million-square-foot industrial portfolio in South Jersey and Bucks County, Pennsylvania, has selected NAI Mertz as its leasing agent.

Industrial
Buyer wanted for fully leased, 295,000 sq. ft. industrial building in 8A submarket

The owner of a fully leased, 295,000-square-foot industrial building in South Brunswick has put the property on the market, according to JLL’s New Jersey capital markets team.

Industrial
Wharton Equity Partners taps veteran executive as COO

A real estate investment firm with a growing Northeast industrial portfolio has hired a new chief operating officer.