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
Auto parts seller takes 300,000 sq. ft. at new Black Creek industrial project in Florence

An auto parts seller has leased more than 300,000 square feet at a soon-to-be-completed industrial project in Burlington County, under a newly announced deal by NAI Mertz.

Finance & Capital Markets
C&W: Camber lands $70 million loan for South Jersey, Bucks County industrial deal

Camber Real Estate Partners has secured a nearly $70 million acquisition loan for a 25-building, 1.24 million-square-foot light industrial portfolio in South Jersey and Pennsylvania.

Industrial
Tile distributor buys 102,000 sq. ft. warehouse in Monmouth County, Sheldon Gross says

A tile wholesaler has acquired a 102,000-square-foot warehouse and an adjacent parcel in Monmouth County, in a transaction arranged by Sheldon Gross Realty.

Industrial
Dermody details new three-building, 1.2 million sq. ft. industrial park in Gloucester County

Dermody Properties has unveiled plans for nearly 1.2 million square feet of new industrial space in Gloucester County as part of a three-building, 154-acre project set to begin this spring.

Industrial
Tulfra completes, sells new self-storage building in Rochelle Park

Tulfra Real Estate has completed the sale of a newly developed, 113,000-square-foot self-storage building in Rochelle Park.

Industrial
Elberon, Fidelco land $34 million loan for Elizabeth cold storage project, JLL says

A development team has secured a $34 million construction loan for a new 140,000-square-foot cold storage building on the border of Elizabeth and Newark, in a deal arranged by JLL.

Industrial
Hampshire unveils newest self-storage project, in Perth Amboy

The Hampshire Cos. has completed the latest addition to its ever-growing self-storage portfolio, debuting a new 697-unit facility along a major thoroughfare in Perth Amboy.

Government & Public Policy
New Jersey legalizes cannabis in long-awaited move with social justice, economic impacts

Adult use of cannabis is now legal in New Jersey, cementing a key piece of Gov. Phil Murphy’s agenda and paving the way for what could be an impactful industry for commercial real estate.

Industrial
BRC inks sale of 80,000 sq. ft. industrial building in Middlesex County

A maker of ice melting products has sold an 80,000-square-foot industrial building in Middlesex County for more than $9 million, according to brokers with Bussel Realty Corp.

Industrial
Duke Realty, furniture chain detail 620,000 sq. ft. industrial lease in Piscataway

Duke Realty Corp. has preleased more than 600,000 square feet of speculative industrial space in Piscataway, securing a commitment from a well-known furniture chain.