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.

NAI Hanson brokers 25,000 sq. ft. lease for vitamin maker

A vitamin manufacturer has leased more than 25,000 square feet of industrial space in Carlstadt, under a newly announced deal brokered by NAI James E. Hanson.

Logistics firm inks 254,000 sq. ft. industrial lease in Piscataway

A third-party logistics company has committed to a major expansion with a newly signed lease at a Piscataway industrial building, brokers with Colliers International said.

Marcus & Millichap touts banner year for northern New Jersey team

Brian Hosey By Joshua Burd Marcus & Millichap’s northern New Jersey office is trending upward, touting a year in which its total number of transactions grew by 44 percent. The brokerage said Thursday that its Saddle Brook-based team is one…

Hurdles remain in push to repair N.J. highways, advocate says

Despite a new dose of funding from the state’s gas tax, New Jersey is still far from achieving the level of investment it needs to sustain its vital transportation infrastructure. That was one key message on Wednesday from a top advocate for infrastructure spending, who offered a mix of good news and bad news to a crowd of developers and service professionals.

Investors Bank touts $2.7 billion in CRE loans in 2017

Multifamily projects in Morristown and Monroe are among the latest developments financed by Investors Bank, contributing to more than $2.5 billion in commercial real estate activity completed by the lender in 2017.

Manufacturer acquires, retrofits former BD plant in Totowa

A cosmetics company has retrofitted a former Becton Dickenson plant in Totowa after recently purchasing the building to accommodate its own manufacturing operation.

Bridge acquires I-78 industrial site with approvals for 3.8 million sq. ft.

Bridge Development Partners has acquired the rights to build nearly 4 million square feet of industrial space near Interstate 78, following its $43 million purchase of a sprawling development site in Warren County.

Developer’s car will serve as backdrop for CRE industry during Walk to Washington

In just two weeks, hundreds of business and political leaders will board a southbound Amtrak train as part of the New Jersey Chamber of Commerce’s annual Walk to Washington. And you can bet that the state’s commercial real estate sector will be well-represented.

EDA: Foot care company weighs move to Elizabeth from Brooklyn

The state has approved a 10-year, $2.75 million tax credit to encourage a Brooklyn-based foot care company to move a major part of its operation to Elizabeth.

New 290,000 sq. ft. industrial project underway in Newark

Construction is underway on a new 290,000-square-foot distribution center project just outside Port Newark-Elizabeth, according to brokers with CBRE who are marketing the property.