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.

Finance & Capital Markets
Pandemic slows first-half investment sales in northern, central New Jersey, DiLeo-Bram says

Commercial real estate investors across five New Jersey counties took a cautious approach during the coronavirus outbreak, as transaction volume fell through the first half of the year.

Industrial
Woodmont taps former CBRE broker to lead industrial acquisitions

Woodmont Properties has hired a former broker with CBRE as its new head of industrial acquisitions.

Industrial
J.G. Petrucci sells 188,000 sq. ft. industrial building in Somerset County

J.G. Petrucci Co. Inc. has completed the sale of a built-to-suit, 187,500-square-foot industrial building in Branchburg to a hospitality and food-service products company.

Industrial
NAI Hanson inks 120,000 sq. ft. industrial sale in Totowa

A cosmetics company has acquired a nearly 120,000-square-foot industrial building in Totowa, under a newly completed transaction by NAI James E. Hanson.

Industrial
Colliers: Logistics firm takes 152,000 sq. ft. in Logan industrial park

A warehouse and trucking firm is consolidating locations, having leased more than 150,000 square feet of industrial space in Logan Township.

Industrial
Amazon opens new 130,000 sq. ft. delivery station in Mount Olive

Amazon is touting the opening of a new 130,000-square-foot delivery station in Mount Olive, one of 14 newly announced facilities that it will occupy in New Jersey.

Top News
JLL: Buyers wanted for North Jersey medical office, light industrial buildings

The owner of two medical office buildings and a light industrial property in northern New Jersey has put the portfolio on the market, in a newly announced offering by JLL.

Office
New Jersey properties included in $97 million ground lease sale

An investment group has acquired a collection of ground-leases in New Jersey as part of a four-state, $97 million transaction with Brandywine Realty Trust.

Industrial
CBRE: Developer lures e-commerce giant to Jersey City logistics project, its first in N.J.

A developer has landed a major tenant at its first New Jersey industrial project, inking a full-building lease in Jersey City with what it described as a global e-commerce company.

Health Care & Education
NAI Hanson inks sale of Hunterdon flex building slated for rehab facility

A psychiatrist has acquired a 7,800-square-foot industrial flex building in Hunterdon County, with plans to build out the property as a residential addiction rehabilitation facility.