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.

UPS coming to 880,000 sq. ft. logistics center in Bayonne, city officials say

A new UPS distribution center is coming to Lincoln Equities Group’s sprawling new industrial park in Bayonne, where officials say the carrier would lease nearly 900,000 square feet.

Stro adds 77,000 sq. ft. value-add industrial building in Fairfield

The Stro Cos. has closed on a 77,000-square-foot industrial building in Fairfield, touting the property as a value-add acquisition with a lease that will expire in less than a year.

Regional mindset, new recipe needed to keep our talent and project pipeline flowing

It’s high time that New Jersey’s local officials start doing things differently and placing a higher priority on talent attraction, collaborative regional (not parochial) planning and being on the same page. Economic development experts from outside the state seemed to concur at NAIOP New Jersey’s recent Annual Meeting and Commercial Real Estate Outlook.

Bridge details new 359,000 sq. ft. industrial project in Belleville

Bridge Development Partners has broken ground on nearly 360,000 square feet of new industrial space at the former site of a blighted manufacturing facility in Belleville, the firm announced.

Duke Realty promotes New Jersey leasing rep

Duke Realty Corp. has announced a promotion within its New Jersey leasing team.

Transwestern: Paterson charter school eyes new location, acquires historic mill building

A charter school system has acquired a former industrial building in Paterson that it will use as its newest location, according to brokers with Transwestern Real Estate Services.

BRC: Manufacturer takes 23,000 sq. ft. at New Brunswick industrial building

A paper bag manufacturer has leased 23,000 square feet of industrial space in New Brunswick, under a deal arranged by Bussel Realty Corp.

Larken adds senior estimator to in-house construction team

Larken Associates has hired a new senior estimator as the latest piece of its in-house construction team.

Survival skills honed in 2020 lead to a better-prepared 2021

As Charlie Chaplin said in the last century, “Nothing is forever in this world, not even our problems.” That is, unless you don’t learn from your mistakes and continue to do things the same way. The days are numbered for any business, organization or government agency (without a rainy day fund) that doesn’t adjust, right-size their operation and get prepared for the next disruption that’s just around the corner.

Data-driven approach has proved crucial for upstart value-add investment firm

A fast-growing, Newark-based investment firm is thriving two years after its founding, using a trove of data and an in-house platform to help it identify potential sellers and properties.