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
Cabinet business acquires piece of ex-Montblanc pen factory, HQ

A cabinet maker is set to take over a portion of the former Montblanc pens factory and headquarters in Hunterdon County, following a sale brokered by Charity Realty International LLC. 

Industrial
Manufacturer inks 16,000 sq. ft. lease in Somerville, BRC says

A maker of architectural moldings has leased 16,000 square feet at a Somerville industrial building, brokers with Bussel Realty Corp. said recently.

People
New hire will help Hollister navigate a promising trajectory

By Joshua Burd As one of the state’s fastest-growing firms, Hollister Construction Services has bolstered its team with an executive who is well-versed in managing large-scale construction portfolios. The Parsippany-based firm has hired Christopher Cestone as its new vice president…

Professional Services
Guiding the way: Brennan, Simon have positioned Colliers for continued growth in New Jersey

It has been a busy three years for both Kim Brennan and David Simon, who have worked together to lead Colliers International’s expansion in northern and central New Jersey. The global real estate services firm has grown to about 36 leasing and sales brokers in the market — roughly double the size of its team in 2015 — with an expanded focus on industrial, retail and investments sales. Colliers is also marking one year since it opened an office in Woodbridge, its third in New Jersey, to help support its long-term ambitions.

Industrial
CBRE industrial broker earns top national honors for 2017

A veteran broker with CBRE was the firm’s top industrial producer in the Americas in 2017, with a series of deals headlined by high-profile transactions in Edison and Perth Amboy.

Events
NAIOP New Jersey public policy symposium postponed

NAIOP New Jersey’s Public Policy Symposium, scheduled for March 21 at 7:45 a.m. in New Brunswick, has been postponed due to the winter storm forecast.

Top News
Hampshire mourns veteran CRE executive Anderson

The state’s commercial real estate industry is mourning the loss of Todd Anderson, a longtime executive with The Hampshire Cos. who died suddenly this past weekend at age 58.

Industrial
Lawn, garden care business inks 271,000 sq. ft. lease in Mahwah

A lawn and garden tools company is expanding its footprint in New Jersey with a lease at a newly built, 271,000-square-foot distribution center in Mahwah.

Industrial
Hampshire unveils latest self-storage project (SLIDESHOW)

The Hampshire Cos. has continued its expansion into the self-storage business, marking the opening of a new 82,000-square-foot complex in Carteret.

Industrial
Advance, Greek buy 350-acre industrial tract in Linden

Advance Realty and Greek Development have partnered once again, acquiring a 350-acre site in Linden that they say is now primed to become a large industrial park.