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
Electronics seller inks renewal at Bergen County industrial building

A consumer electronics seller has renewed its lease at an 11,360-square-foot industrial building in Westwood, under a newly announced transaction by NAI James E. Hanson.

Events
G.S. Wilcox touts $44 million in out-of-state loans for commercial, multifamily assets

G.S. Wilcox & Co. has arranged five new out-of-state loans on behalf of its clients, including $18 million in financing for the owner of a Long Island shopping center.

Industrial
Petrucci touts start of 2 million sq. ft. in New Jersey, Pennsylvania industrial projects

J.G. Petrucci Co. Inc. is set to break ground on more than 1 million square feet of new industrial space in Logan Township, in one of several projects that the firm will soon have underway.

Industrial
Sitex adds to Meadowlands holdings, acquiring 30,000 sq. ft. warehouse in Carlstadt

Sitex Group has acquired a vacant 30,000-square-foot warehouse in Carlstadt, the latest addition to its portfolio of Meadowlands industrial buildings.

Industrial
Colliers inks 141,000 sq. ft. industrial sublease in Pennsauken

An auto parts businesses has subleased more than 140,000 square feet of industrial space in Pennsauken, under a newly announced transaction by Colliers International.

Professional Services
Sheldon Gross adds corporate sales rep to CRE team

Sheldon Gross Realty has named a new corporate sales representative, touting his experience in both the real estate and food industries.

Industrial
NAI Hanson: E-commerce user takes 110,000 sq. ft. in North Bergen

A new tenant is coming to a North Bergen industrial building, where it will lease 110,000 square feet to use for e-commerce warehousing and distribution.

Industrial
REIT adds to South Jersey portfolio with 112,000 sq. ft. industrial building in Mount Laurel

A real estate investment trust has acquired a 112,000-square-foot industrial building in Mount Laurel, brokers with NAI Mertz announced Tuesday.

Industrial
CBRE: Freehold industrial building trades for $4.95 million

The owner of a 46,000-square-foot industrial building in Monmouth County has sold the property after seven years, under a newly announced transaction by CBRE.

Industrial
Logistics firm inks 4.2-acre trailer parking sublease in Newark

Bussel Realty Corp. has completed a sublease of 4.2 acres in Newark’s port district to a third-party logistics firm that will use the site for trailer parking.