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.

Sitex plans upgrades at 83,000 sq. ft. warehouse, its latest Meadowlands acquisition

Sitex Group has made another addition to its Meadowlands industrial portfolio, acquiring an 83,000-square-foot warehouse in Moonachie.

Joint venture buys 370,000 sq. ft. Allendale campus for $50.5 million

Camber Real Estate Partners and Advance Realty have added to their portfolio of light industrial buildings, acquiring a 370,000-square-foot campus off Route 17 in Bergen County.

3PL firm inks 270,000 sq. ft. lease in Edison, CBRE says

A third-party logistics firm will occupy more than three-quarters of an Edison warehouse after leasing nearly 270,000 square feet at the property, brokers with CBRE announced.

Simon joins new brokerage firm as head of New Jersey operations

B6 Real Estate Advisors, the new brokerage firm launched by Paul J. Massey Jr., has named industry veteran David A. Simon as its top executive in New Jersey.

Colliers names new market leader in New Jersey

Colliers International has tapped a veteran broker and manager as the new leader of its New Jersey offices.

Real estate investor joins Newmark as sales associate

Newmark Associates has hired a longtime real estate investor as one of the newest members of its sales team.

Bridge goes to Brooklyn for latest industrial deal

Bridge Development Partners’ highly successful team in New Jersey is heading to Brooklyn, as part of a joint venture that is buying a site with plans to build more than 1.5 million square feet of new industrial space.

Tech firm takes 50,000 sq. ft. at Whippany manufacturing site, Avison Young says

A technology firm serving the life sciences sector has leased 50,000 square feet at a pharmaceutical packaging facility in Morris County, brokers with Avison Young said.

NAIOP announces new membership, events director in New Jersey

NAIOP New Jersey has hired a new director of membership and special events.

CBRE: New Jersey logistics space ranks nationally, globally in top-tier rent growth

Owners of high-end industrial space are riding a wave of rent growth — nationally and globally — and landlords in New Jersey are among the biggest winners. That’s according to new research from CBRE, which found that rents for top-tier space in the Garden State grew 9.5 percent, to $8.26 per square foot, in the year ending March 31. That year-over-year growth ranked third among U.S. submarkets, behind only Oakland and Seattle, and seventh worldwide.