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.

Deals
Italian distributor acquires ex-restaurant property in Kenilworth, DiLeo-Bram says

An industrial equipment distributor has purchased the site of a shuttered restaurant in Union County, brokers with NAI DiLeo-Bram & Co. announced Friday.

Industrial
JLL inks $11.2 million industrial sale in Connecticut

A team of Morristown-based brokers with JLL has completed the sale of a nearly 112,000-square-foot light industrial building just outside Hartford, Connecticut.

Industrial
Bridge, beverage company ink 420,000 sq. ft. lease at Warren County industrial park

Bridge Development Partners has lured a second tenant to its new logistics park in Warren County, inking a nearly 420,000-square-foot lease with a well-known beverage company.

Government & Public Policy
Murphy gives towns option to extend May property tax deadline

Municipalities in New Jersey may now extend by one month the grace period for quarterly property tax payments that are due on May 1, Gov. Phil Murphy announced Tuesday.

Features
Brokers turn to video walkthroughs for North Jersey commercial buildings (VIDEO)

The coronavirus pandemic has done more than present a major health crisis to the American people — it poses a major threat to commercial real estate and the economy at large.

Industrial
Industrial sector could bounce back quickly — and stronger — after short-term hit from COVID

Industrial developers and companies seeking logistics space are unlikely to face lasting damage from the coronavirus pandemic, experts say, but the market is still poised for major changes amid disruptions to supply chains and consumer spending habits.

Industrial
Transportation, logistics firm takes 120,000 sq. ft. in Burlington County

The owner of a Burlington County industrial building has secured a commitment for more than 120,000 square feet, inking a lease with a specialty transportation and logistics firm.

Professional Services
Ware Malcomb announces new principal in Newark, New York offices

Design firm Ware Malcomb has named a new principal in its Northeast region.

Industrial
Resource Realty touts $11.5 million in sales in northern, central New Jersey

A manufacturer has reaped $11.5 million from the sale of a 77,000-square-foot building in Union County, in the largest of several new deals by Resource Realty of Northern New Jersey.

Industrial
Joint venture acquires South Jersey industrial portfolio for $43 million

An investment group has closed on its purchase of seven industrial buildings in Burlington and Gloucester counties, acquiring the portfolio for just under $43 million.