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.

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.

Industrial
Eatontown industrial building fetches $4.25 million, Gramercy Real Estate says

A Brooklyn-based investor has acquired a nearly 44,000-square-foot industrial building in Monmouth County, in a newly announced transaction by Gramercy Real Estate LLC.

Industrial
Design, construction firm touts start of 50,000 sq. ft. logistics hub in Piscataway

A design and construction firm has broken ground on a new industrial project in Piscataway, the future home of a locally based transportation and logistics company.

Professional Services
Garibaldi kicks off broker apprenticeship program with two hires

The Garibaldi Group has made its first two hires under an apprenticeship program aimed at positioning its brokerage team for the future.

Industrial
BRC inks 40,000 sq. ft. industrial lease in Piscataway

The owner of a nearly 70,000-square-foot industrial building in Piscataway has signed a lease for more than half of the property, in a transaction arranged by Bussel Realty Corp.

Industrial
Construction underway at two-building, 574,000 sq. ft. industrial project in East Windsor

A contractor is touting the start of a project that will bring more than 570,000 square feet of new industrial space to the Exit 8 submarket along the New Jersey Turnpike.

Industrial
Turnbridge, Harbor Group sell Parsippany industrial building for $85 million

A joint venture has sold a Parsippany industrial building for more than $85 million, marking the culmination of a two-year investment and turnaround for the 550,000-square-foot property.

Industrial
Developer closes on nine-acre industrial site in Burlington, WCRE says

A developer has acquired nine acres inside a Burlington industrial park, seeking to tap into the surging demand for warehouse and logistics space in the region.

Industrial
Bridge sells 2.2 million sq. ft. Phillipsburg industrial portfolio to PGIM for $275 million

Bridge Development Partners has announced the sale of a four-building, 2.2 million-square-foot industrial portfolio in Phillipsburg, the first piece of a massive project near Interstate 78.