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.

Report by business, labor groups fights back against criticism of incentives

Amid growing criticism of the state’s incentive programs, a group of prominent business and labor associations are aiming to set the record straight in Trenton.

Company inks sale-leaseback for 8A distribution center, C&W says

A clothing manufacturer has sold and leased back its nearly 320,000-square-foot distribution center in South Brunswick, in a deal arranged by Cushman & Wakefield.

Woodbridge industrial building sells for $18.6 million, CBRE says

An investment group based in Los Angeles has acquired a 133,032-square-foot industrial building in Woodbridge, in an $18.6 million deal arranged by CBRE.

Editor’s note: Mastering the middle

Even before I started covering commercial real estate full-time, I still came across development stories during my earlier days as a metro reporter in Central Jersey. One of those stories came when I was covering Bound Brook, a borough in Somerset County that had a tired downtown and a history of being battered by flooding from the Raritan River. But in early 2011, we learned that a developer named George Capodagli was interested in building the type of new apartments that were starting to crop up elsewhere in the state.

Bridge details 1.7 million sq. ft. industrial project in Somerset, efforts to restock N.J. pipeline

Bridge Development Partners is planning a three-building, 1.7 million-square-foot industrial complex in Somerset County after acquiring parcels from two separate sellers, part of an effort to refill its pipeline in New Jersey after a blockbuster portfolio sale last year.

C&W named leasing agent for 3.3 million sq. ft. logistics campus in Logan Township

A joint venture has picked Cushman & Wakefield as its leasing agent for more than 3 million square feet of planned warehouse and distribution space in Gloucester County.

Team Resources touts expansions, 284,000 sq. ft. lease in Ledgewood

A global transportation and logistics company has expanded to more than 280,000 square feet in Morris County, in a set of transactions announced by Team Resources Inc.

HFF brokers $28.5 million refinance for I-80 industrial complex

The owner of a three-building, 443,030-square-foot warehouse complex in Mount Olive has refinanced the property for $28.5 million, brokers with HFF said Thursday.

Duke fills last vacancy in New Jersey with Perth Amboy industrial lease

Duke Realty Corp. has leased 220,200 square feet in Perth Amboy to a furniture delivery and fulfillment service, bringing its recently acquired New Jersey portfolio to full occupancy.

Denholtz: Clark commercial complex fully leased after latest deal

Denholtz Associates has inked a 10,050-square-foot lease at a commercial complex in Clark, bringing the 283,000-square-foot campus to full occupancy.