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.

Deals
Office, industrial leases in Central Jersey among latest deals by Boniakowski

A financial services firm has leased 1,600 square feet of office space in Branchburg, in one of three newly announced deals by The Boniakowski Commercial Real Estate Group.

Government & Public Policy
Weehawken parcel sold to Amtrak for $60 million after eminent domain settlement

Amtrak has taken control of a key parcel near the Hudson River waterfront in Weehawken, having acquired it for $60 million after an eminent domain settlement negotiated by Carlin, Ward, Ash & Heiart LLC and Winne Banta Basralian & Kahn PC.

Industrial
NAI Mertz: Tenants lease 30,000 sq. ft. to bring Cherry Hill industrial park to full occupancy

Velocity Venture Partners has leased up a Cherry Hill industrial campus after four new deals totaling roughly 30,000 square feet, brokers with NAI Mertz announced this week.

Events
JLL’s Kossar to headline United Way Legacy Event, with six projects vying for Impact Awards

United Way of Northern New Jersey will honor JLL’s Rob Kossar next month at an annual fundraiser that draws hundreds of commercial real estate industry leaders, where the organization will also celebrate top projects in multiple asset classes.

Industrial
Prologis buys 1.1 million sq. ft. industrial portfolio at Exit 8A in reported $197 million deal

Prologis Inc. has added more than 1 million square feet in the region with its acquisition of two industrial properties in Monroe Township, in a deal arranged by Cushman & Wakefield.

Industrial
Castelbuono joins PREMIER East Coast team as vice president of field operations

PREMIER Design + Build Group has hired Fred Castelbuono as vice president of field operations, making another key addition to its growing East Coast team.

Industrial
Zimmel named leasing agent for new 129,000 sq. ft. warehouse project in Tinton Falls

The developer of more than 129,000 square feet of new industrial space in Tinton Falls has tapped Zimmel Associates as its leasing team for the property.

Industrial
Investor buys flex, warehouse portfolio in Rockaway Borough for $13 million, CBRE says

A private investor has acquired more than 123,000 square feet of commercial space in Rockaway Borough for $12.75 million, in a newly announced deal by CBRE.

People
Denholtz taps Kotlyarevsky as chief financial officer

Denholtz has made another addition to its leadership team with the appointment of Alexander Kotlyarevsky as chief financial officer, the Red Bank-based firm announced Thursday.

Industrial
Hackettstown industrial deals among 57,000 sq. ft. in new RRNNJ leases in Warren, Morris

Devli Real Estate has filled nearly 38,000 square feet with two leases at an industrial flex building in Hackettstown, in the largest of several new deals by Resource Realty of Northern New Jersey.