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.

Office
JLL inks $31 million bridge loan for Parsippany office buyer

The recent buyer of a Parsippany office building has secured more than $30 million in bridge financing, under a newly announced transaction by JLL.

Professional Services
BRC adds sales associate to brokerage division

Bussel Realty Corp. has added to its stable of brokers with the hiring of a new sales associate.

Industrial
Bloom Organization sells net-leased Pennsauken warehouse

An investment firm has acquired a nearly 40,000-square-foot warehouse in Camden County, brokers with Colliers International announced Monday.

Industrial
Machemer, Crow Holdings moving quickly to fill Northeast industrial pipeline

With its first project nearing completion and a tenant in hand, Crow Holdings Industrial is keenly focused on what comes next for its Northeast expansion strategy. The firm has a pipeline in the region amounting to more than 7 million square feet, with the potential to deliver much-needed warehouse and logistics space to a vastly undersupplied market.

Industrial
Logistics firm takes 53,000 sq. ft. at Meadowlands industrial building

An international logistics firm has leased more than 50,000 square feet in East Rutherford, under a newly announced transaction by NAI James E. Hanson.

Industrial
Biotech firm opens new cell, gene therapy manufacturing center in Allendale

A global life sciences company has opened a new cell and gene therapy manufacturing facility in Allendale, more than doubling its existing capacity in the state.

Professional Services
Sanzari promotes longtime construction manager to director

Alfred Sanzari Enterprises has named a new director of construction, tapping a 13-year veteran of the company to fill the post.

Finance & Capital Markets
JLL inks financing for 11-building portfolio in Raritan Center

Summit Associates has secured financing for an 11-building industrial portfolio in the Raritan Center business park in Edison, under a newly announced transaction by JLL.

Industrial
Sanzari, laboratory company sign 50,000 sq. ft. renewal in Elmwood Park

The nation’s largest specialty laboratory has renewed its lease at an Elmwood Park industrial building, in a newly completed transaction with Alfred Sanzari Enterprises.

Industrial
South Plainfield warehouse trades for $6.2 million, BRC says

A family business has sold its 57,000-square-foot warehouse in South Plainfield, in a nearly $6.2 million transaction arranged by Bussel Realty Corp.