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
Crow Holdings expands Northeast team with former Rockefeller exec

Crow Holdings Industrial has bolstered its Northeast team with the addition of a veteran development executive in the region.

Roundtable
How can the New Jersey real estate sector prepare for the launch of legal recreational marijuana?

How can the New Jersey real estate sector prepare for the launch of legal recreational marijuana? We assembled a panel of industry experts to tackle this month’s question.

Industrial
Outdoor tools business takes 135,000 sq. ft. in South Hackensack, Chaus says

A company that sells lawn, garden and other outdoor tools is once again expanding in Bergen County, leasing more than 135,000 square feet at a South Hackensack industrial building.

Industrial
Edison industrial building trades for $3.4 million, Zimmel says

The longtime owner of a 22,500-square-foot industrial building in Edison has sold the property after 25 years, under a transaction arranged by Zimmel Associates.

Industrial
C&W inks sale of 100,000 sq. ft. Meadowlands industrial building

Sitex Group has sold a roughly 100,000-square-foot industrial building in Carlstadt less than two years after acquiring it, in a newly announced transaction by Cushman & Wakefield.

People
Saxum announces five new hires amid growing development pipeline

Saxum Real Estate has announced five new hires to help support the firm’s ongoing growth in New Jersey and nationally.

Industrial
Logistics firm takes 59,000 sq. ft. in Salem County

A logistics and moving company has leased nearly 60,000 square feet at a Salem County industrial building, in a deal arranged by Lee & Associates of Eastern Pennsylvania.

Industrial
Buyer wanted for 60,400 sq. ft. Meadowlands industrial building

The owner of a 60,400-square-foot light industrial building in the Meadowlands is seeking a buyer, in a newly announced offering by JLL’s New Jersey team.

Finance & Capital Markets
C&W: Owner of Meadowlands, Union industrial portfolio inks $66 million refi loan

An investment group has refinanced a six-building industrial portfolio in Bergen and Union counties for $66 million, in a newly completed transaction by Cushman & Wakefield.

Finance & Capital Markets
PGIM inks $408 million senior loan facility for five-state, 4 million sq. ft. industrial deal

PGIM Real Estate has provided a $408 million senior loan facility for an institutional investor’s purchase of a five-state, 4 million-square-foot industrial portfolio.