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
Lexus dealer renews lease at Bridgewater industrial, flex park

An auto dealership has renewed its 62,400-square-foot lease at a Bridgewater business park, under a newly announced transaction by Transwestern Real Estate Services.

Finance & Capital Markets
Elberon inks $20 million refi for Elizabeth cold storage building, JLL says

The owner of a 175,000-square-foot cold storage building in Elizabeth has landed $20 million in long-term financing, in a newly announced transaction by JLL.

Industrial
Food packager takes 27,000 sq. ft. in Mount Laurel, NAI Mertz says

A food packaging company has leased nearly 27,000 square feet of industrial space in Mount Laurel, under a transaction arranged by brokers with NAI Mertz.

Industrial
Cable installer takes 5,000 sq. ft. in Atlantic County, Vantage RES says

A business that installs cable and internet equipment has leased some 5,000 square feet of industrial space in Atlantic County, brokers with Vantage Real Estate Services said.

Industrial
New 300,000 sq. ft. industrial building coming to Florence, brokers say

More than 300,000 square feet of new industrial space is coming to Burlington County, following a sale arranged by brokers with Lee & Associates of Eastern Pennsylvania.

Industrial
Garment supplier takes 23,000 sq. ft. in Hackensack, NAI Hanson says

A supplier of women’s garments has leased more than 20,000 square feet at a Hackensack industrial building, under a newly announced transaction by NAI James E. Hanson.

Finance & Capital Markets
G.S. Wilcox inks $17 million loan for Elizabeth warehouse

The owner of a 221,000-square-foot warehouse in Elizabeth has secured $17 million in financing, in a newly announced transaction by G.S. Wilcox & Co.

Finance & Capital Markets
Progress Capital: Lyndhurst self-storage project gets $14.5 million construction loan

The developer of a new self-storage facility in Lyndhurst has landed a $14.5 million construction loan for the project, under a transaction arranged by Progress Capital.

Industrial
Pharma tenant expands, takes 10,000 sq. ft. in Rahway, Zimmel says

A pharmaceutical manufacturer is tripling its footprint in Rahway, having inked a 10,000-square-foot expansion at a five-building industrial park.

Industrial
North Bergen industrial asset fetches $9.6 million, Connors Agency says

An 80,000-square-foot industrial building in Hudson County has changed hands for nearly $10 million, under a newly completed transaction by the William F. Connors Agency.