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.

Industrial
3PL operator inks 135,000 sq. ft. renewal in Piscataway, LMC says

A third-party logistics provider has renewed its 135,000-square-foot lease at a Piscataway industrial complex, an executive with Levin Management Corp. said Monday.

Government & Public Policy
Developers eyeing large-scale studio projects in New Jersey, spurred by popular film tax credit

Developers and property owners in New Jersey are betting that a tax credit for film production will get the cameras rolling in the Garden State, with demand already surging and expected to grow after a recent expansion of the program by Gov. Phil Murphy and lawmakers.

Industrial
C&W: Logistics firm takes 570,000 sq. ft. at Mount Olive industrial complex

An e-commerce logistics firm has leased more than 570,000 square feet at a Mount Olive industrial building, where brokers continue to market nearly 850,000 square feet.

Professional Services
CBRE announces promotion, names new director of New Jersey project management

CBRE has promoted a member of its New Jersey project management team to director of the practice, the commercial real estate services firm announced Thursday.

Professional Services
Team Resources hires new salesperson

Team Resources Inc. has made a new addition to its Lyndhurst-based brokerage team.

Industrial
Granite, tile maker takes 10,000 sq. ft. at Middlesex building

A granite and tile manufacturer has agreed to lease 10,000 square feet at a Middlesex Borough commercial building, under a transaction by The Boniakowski Commercial Real Estate Group.

Professional Services
Resource Realty announces two new SIOR members

Two brokers with Resource Realty are among the newest members of the Society of Industrial and Office Realtors’ New Jersey chapter.

Finance & Capital Markets
JLL sources $16.8 million construction loan for Mercer County industrial project

The developers of a 340,000-square-foot industrial building in Mercer County have secured nearly $17 million in construction financing, under a newly announced transaction by JLL.

Industrial
Kokes, Harvestate unveil Camden County self-storage project

A joint venture has taken the wraps off a new 78,500-square-foot self-storage facility in Winslow Township, bringing a new commercial ratable to the Camden County community.

Projects
NAI DiLeo-Bram taps Simon as chief operating officer

Industry veteran David A. Simon has joined NAI DiLeo-Bram & Co. as chief operating officer, signaling the brokerage firm’s plans to grow its footprint and gain market share in New Jersey.