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
CBRE’s Hipschman takes on expanded role in Northeast industrial

CBRE has announced an expanded role for its market leader in New Jersey, in an effort to expand the firm’s focus in the region’s industrial and logistics sector.

Office
Higher and better: Developers making strides in repurposing New Jersey’s vacant, outdated office buildings

Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no longer considered usable by modern standards.

Industrial
I.CON panel: Same-day delivery pushing tenants beyond North Jersey, into NYC boroughs

Retailers and other industrial tenants have long counted on northern New Jersey as a hub for distribution into New York City, but the need for same-day and even two-hour delivery has pushed developers to make big bets in the outer boroughs.

Industrial
I.CON wrap-up: Opportunity remains for industrial in New Jersey, nationally

As New Jersey has shown, the industrial sector has become the new darling of commercial real estate in recent years. That was all too clear from the sold-out crowd of more than 850 development executives and other key players who descended on this year’s I.CON event in Jersey City.

Office
Vision Real Estate, PCCP detail acquisition of J&J site in Morris County

A joint venture has closed on its purchase of a former Johnson & Johnson campus in Morris Plains, where it’s planning a redevelopment anchored by an existing Class A office building.

Industrial
Atlantic touts 278,000 sq. ft. industrial lease with Adler, 3PL user

A third-party logistics firm has moved into a newly built warehouse in Piscataway, following a nearly 280,000-square-foot lease arranged by Atlantic Real Estate Services.

Professional Services
Veteran NAI Hanson broker promoted to VP

NAI James E. Hanson has promoted one of its longtime industrial brokers.

Industrial
CBRE: Lease terms continue to grow in booming N.J. industrial market

Developers and owners have reaped the benefits of rent growth in New Jersey’s surging industrial market, but they’ve also scored big with increasingly longer lease terms.

Industrial
LEG closes on Bayonne site for 1.6 million sq. ft. industrial park

Lincoln Equities Group has completed its purchase of a 153-acre waterfront site in Bayonne, where it’s planning some 1.6 million square feet of new warehouse and distribution space.

Events
SIOR New Jersey honors top office, industrial deals of 2017

Many of the state’s top commercial brokers gathered recently for an annual event hosted by the Society of Industrial and Office Realtors, where the organization recognized some of the Garden State’s top deals of 2017.