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.

Events
March of Dimes to honor Milanaik at annual real estate industry fundraiser

The March of Dimes has picked veteran developer Jeff Milanaik as the latest honoree for its annual northern New Jersey real estate awards reception.

Industrial
CBRE details 312,373 sq. ft. lease, plans for new Modell’s logistics hub in Bordentown

Modell’s Sporting Goods is relocating to a new logistics and distribution hub in Bordentown after an “exhaustive search” that spanned three states, according to brokers with CBRE.

Professional Services
Lee & Associates expands, adds Morris County-based broker

Lee & Associates has added a veteran broker to its New Jersey team, with an eye toward gaining a greater foothold in Morris and Essex counties.

Industrial
REIT acquires 114,000 sq. ft. warehouse, headquarters office in Branchburg

A real estate investment trust has acquired a Branchburg warehouse and office building — the home of a well-known furniture distributor — in a newly announced transaction by GM Realty Advisors Inc.

Industrial
Atlantic County industrial building trades for $1.45 million, NAI Mertz says

A nearly 35,000-square-foot industrial building near Atlantic City has changed hands for $1.45 million, following a newly completed transaction by NAI Mertz.

Industrial
New warehouse lease shows long-term strategy, promise of e-commerce for Goodwill

Even in the extraordinarily tight industrial market in northern New Jersey, a century-old nonprofit with a good brand and a long-term lease plan can still acquire new warehouse space. Of course, it doesn’t hurt when the nonprofit sees e-commerce as a vital part of its future.

Policy Page
Giving yields the greatest ROI

Times are good now for the commercial and industrial real estate industry, and those professionals that comprise NAIOP are an integral component in successful economic development projects. These same industry professionals also are doing great things for our fellow New Jerseyans.

Industrial
Colliers: Boston investment adviser acquires Logan industrial building

An investment manager has acquired a nearly 152,000-square-foot industrial building in Logan Township, under a newly completed transaction by Colliers International.

Industrial
Chemicals maker expands, takes 20,000 sq. ft. in Parsippany, NAI Hanson says

A specialty chemicals maker has leased 20,000 square feet of industrial space in Parsippany as part of an ongoing expansion, brokers with NAI James E Hanson announced.

Industrial
Matrix inks new industrial leases with Modell’s, Walmart for nearly 500,000 sq. ft.

Matrix Development Group has signed new leases at industrial projects in Burlington and Salem counties, where two of retail’s biggest names will take a combined 489,000 square feet.