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
Blau & Berg brokers 260,000 sq. ft. sublease with logistics firm

A logistics firm has leased more than 260,000 square feet at a Heller Industrial Parks building in Edison, according to brokers with The Blau & Berg Co.

Finance & Capital Markets
From bankers to Blackstone, Rutgers conference goes inside the minds of institutional investors

Commercial real estate in New Jersey remains a major draw for institutional investors, from regional banks to life insurance companies to the global private equity giant Blackstone. Executives from each of those institutions said as much on Tuesday during a conference hosted by the Rutgers Business School, offering a look at their investment strategy in both the Garden State and beyond.

Industrial
Elmwood Park warehouse changes hands, brokers say

Private investors have acquired a 425,000-square-foot warehouse in Elmwood Park that serves as a distribution center for Marcal paper products, according to brokers involved in the deal.

Industrial
CBRE brokers leases with food manufacturer, other tenants at Somerset industrial park

The owner of a six-building industrial park in Somerset County has completed 50,000 square feet in leasing activity, in a series of recent deals arranged by CBRE Group Inc.

Industrial
Sheldon Gross: Former manufacturing site sold, slated to become self-storage

An investment firm has acquired a former manufacturing building in New Brunswick and plans to convert it to a self-storage facility, according to brokers with Sheldon Gross Realty.

Professional Services
Hosey, a former talent agent, now leading Marcus & Millichap’s growth in New Jersey

Brian Hosey has risen through the ranks of Marcus & Millichap and was hired in 2014 as the regional manager for its northern New Jersey office, where he now oversees a growing sales team of about 40 for the nation’s largest investment real estate brokerage firm for private clients.

Industrial
Zimmel brokers $12.6 million in warehouse, office sales

A privately held distribution firm has sold an 85,000-square-foot warehouse in Woodbridge for nearly $10 million, in one of two recent transactions arranged by Zimmel Associates.

Industrial
NAI Hanson: Clothing maker buys Newark warehouse, will relocate from Brooklyn

A luxury apparel company is relocating to Newark after acquiring a nearly 14,000-square-foot industrial building in the city, following a deal brokered by NAI James E. Hanson.

Finance & Capital Markets
Hartz warehouse properties secure nearly $25 million in financing, Wilcox says

G.S. Wilcox & Co. has arranged $24.7 million in financing across two transactions for Hartz Mountain Industries, the Morristown-based mortgage banking firm announced.

Industrial
NAI Hanson sells industrial, flex space for longtime client in Elmwood Park

The longtime owner of an industrial and flex portfolio in Elmwood Park has sold one of the buildings, in a deal arranged by brokers with NAI James E. Hanson.