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.

People
Denholtz adds first-ever director of development among newest hires

Denholtz Properties has bolstered its in-house development and construction teams with three new hires, as it looks to manage and grow its pipeline of projects in the region.

Industrial
C&W: Advance, Greek land $103 million financing package for Logan industrial park

A development team has secured more than $100 million in financing for the first two buildings in a planned 3.2 million-square-foot industrial park in Gloucester County.

Industrial
Saddleback, fulfillment business ink 32,500 sq. ft. lease in Fairfield

Saddleback Real Estate Developers has completed a new lease at a warehouse in Fairfield, securing a 32,500-square-foot commitment from an e-commerce fulfillment company.

Industrial
Union Township warehouse fetches $3.25 million, Boniakowski says

A nearly 21,000-square-foot industrial building in Union Township has changed hands for $3.25 million, in a transaction by The Boniakowski Commercial Real Estate Group.

Industrial
Larken inks new leases with Hillsborough dance studios, offering social distancing solutions

Larken Associates has signed two new leases at a flex and industrial campus in Hillsborough, providing new homes for two dance studios that were seeking to safely resume operations.

Finance & Capital Markets
JLL taps Klein as co-head of New Jersey capital markets group

JLL has named a new co-head of its New Jersey capital markets team, tapping a veteran broker to oversee the firm’s debt and equity placement business in the region.

Professional Services
Avison Young taps former intern as full-time broker in New Jersey

A former intern with Avison Young has joined the firm’s New Jersey industrial team as a full-time associate.

Professional Services
Donnelly unveils UV lighting service for sanitizing commercial buildings

A unit of Wayne-based Donnelly Construction is expanding its services with the addition of ultraviolet lighting solutions for commercial real estate owners.

Industrial
Philadelphia investment firm closes deals in Burlington, Camden counties

An investment firm has completed its acquisition of a five-building, 64,000-square-foot industrial park in Burlington County.

Industrial
New Jersey industrial rents hold strong during COVID outbreak, brokerage firms say

The pandemic has not stifled rent growth in New Jersey’s industrial market, as Amazon and other e-commerce users continue to drive leasing and construction activity statewide.