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
Bridge, furniture maker ink 309,000 sq. ft. lease in Somerset, NAI DiLeo-Bram says

A furniture manufacturer has leased more than 300,000 square feet at Bridge Development Partners’ newly built industrial park in Franklin Township, NAI DiLeo-Bram & Co. announced.

Professional Spotlight
Larken names new in-house counsel amid growing deal volume

Larken Associates has announced the hiring of a new in-house corporate counsel, citing its high leasing velocity across its mix of commercial properties in several states.

Industrial
Cold storage REIT acquires South Plainfield owner, operator for $480 million

The world’s largest real estate investment trust focused on temperature-controlled warehouses has acquired a South Plainfield-based owner and operator for $480 million.

Professional Services
Colliers expands Woodbridge office to support its growing team

Colliers International has expanded the size of its Woodbridge office, touting the need to accommodate its growing team in the region.

Industrial
Fidelco, Elberon announce start of FreezPak facility on Newark-Elizabeth border

Construction is underway on a new 140,000-square-foot freezer warehouse facility that will bring new life to an abandoned industrial site on the border of Elizabeth and Newark.

Industrial
Contractor acquires 12,000 sq. ft. industrial building in Pennsauken

A sheet metal contractor is relocating to a flex industrial building in Pennsauken after acquiring the 12,000-square-foot property, according to Wolf Commercial Real Estate.

Industrial
E-commerce user expands by 103,000 sq. ft. at Pennsauken warehouse

An e-commerce user is expanding at a Pennsauken warehouse just months after taking occupancy at the property, according to Binswanger Commercial Real Estate Services.

Professional Services
CIANJ taps Hanson as board chair

NAI James E. Hanson President William C. Hanson has taken over as board chair of one of northern New Jersey’s top business advocacy networks.

Policy Page
A mid-pandemic snapshot of the CRE industry

While there has been some gradual improvement in commercial real estate deal activity from earlier this year, nearly half of those taking part in a recent NAIOP survey believe the pandemic will significantly affect their business operations for at least another 12 months.

Finance & Capital Markets
G.S. Wilcox touts $43 million in loans for North Jersey industrial buildings

The owners of three northern New Jersey warehouses have secured a combined $42.5 million in financing, in a series of newly announced transactions by G.S. Wilcox & Co.