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.

Finance & Capital Markets
JLL: Seagis lands $33 million loan for two-state, 410,000 sq. ft. industrial portfolio

The owner of a nine-building, 410,000-square-foot industrial portfolio in New Jersey and South Florida has secured nearly $33 million in permanent financing, according to brokers with JLL.

Industrial
NAI Hanson inks sale of 20,000 sq. ft. industrial building in Bergen County

NAI James E. Hanson has completed the sale of a 20,000-square-foot industrial building in South Hackensack, touting it as a rare opportunity in the central Bergen County submarket.

Industrial
Charity Realty inks $2.1 million industrial sale in Boonton

A developer has acquired a two-building, 50,000-square-foot industrial property in Boonton as part of the newest transaction arranged by Charity Realty International.

Professional Services
Investment firm launches third-party solar energy division

A real estate investment firm has created a new division focused on helping other landlords tap into the cost-saving benefits of rooftop solar panels.

Industrial
Duke Realty backfills Cranbury industrial buildings, leasing 950,000 sq. ft.

Duke Realty Corp. has announced two new industrial leases in Cranbury totaling nearly 1 million square feet, helping to backfill space vacated by a previous tenant.

Industrial
Zimmel inks three renewals for 78,000 sq. ft. at Bridgewater flex park

Three tenants at a Somerset County business park have renewed their leases, recommitting to a combined 78,000 square feet at the property.

Retail
Rose Commercial touts sale, leases in Medford redevelopment area

A local investor has acquired a 50,000-square-foot retail and industrial building in Burlington County, in one of several newly announced transactions by Rose Commercial Real Estate.

Industrial
CRG, Resource Realty welcome newest users to Morris Plains flex building

A developer and its leasing team have filled more than two-thirds of a new flex commercial building in Morris Plains, with a mix that includes both life sciences and recreation users.

Industrial
Sudler inks four leases totaling 226,000 sq. ft. at Lakewood industrial park

Sudler Cos. has leased up four new speculative industrial buildings in Lakewood, securing 225,600 square feet in commitments as it prepares to break ground on the final property.

Industrial
Metuchen industrial building trades for $6.4 million, BRC says

A technology firm for logistics users has acquired a nearly 42,000-square-foot industrial building in Middlesex County, under a newly announced transaction by Bussel Realty Corp.