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.

Professional Services
Mertz broker promoted to senior VP

NAI Mertz has promoted one of its longtime industrial brokers to senior vice president, the Mount Laurel-based real estate services firm announced.

Industrial
Calif. logistics firm buys Hunterdon warehouse, C&W says

A logistics company from Southern California is expanding into New Jersey with its purchase of a 30,000-square-foot warehouse in Hunterdon County.

Industrial
Sudler inks two big-box industrial deals at former office site in Cranbury

The Sudler Cos. is hailing the success of a high-profile redevelopment project in Cranbury, where it has leased two new industrial buildings totaling 758,000 square feet at the former site of a large office complex.

Industrial
Edison warehouse draws 57,000 sq. ft. freezer lease, CBRE says

A frozen foods company has joined the roster at an Edison industrial building after signing a lease for nearly 57,000 square feet, brokers with CBRE announced Thursday.

Industrial
C&W inks full-building, direct deal with former subtenant in Somerset

A subtenant at a Franklin warehouse has transitioned into a direct lease while expanding at the property by 46,000 square feet, brokers with Cushman & Wakefield said Thursday.

Government & Public Policy
Incentive program enters final year, drawing concern from CRE sector

With the Grow New Jersey program set to expire in less than a year, the prospect of losing the incentive is already weighing heavily on the state’s commercial real estate market.

Industrial
Industrial complex changes hands in Kearny, Blau & Berg says

An investor has acquired a 100,400-square-foot industrial complex in Kearny, in a transaction arranged by brokers with The Blau & Berg Co.

Industrial
C&W, logistics firm tout availability at North Bergen building

A logistics firm is marketing 130,000 square feet of industrial space in North Bergen, hiring Cushman & Wakefield as its leasing agent for the property.

Industrial
Stro announces two new hires

The Stro Cos. has made two recent additions to its team to bolster its efforts in acquisitions, leasing, management and other areas.

Industrial
Atlantic tapped to market upgraded warehouse in East Rutherford

The owner of a 100,000-square-foot industrial building in East Rutherford has hired Atlantic Real Estate Services as the leasing agent for the property.