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.

Professional Services
Team Resources hires new salesperson

Team Resources Inc. has made a new addition to its Lyndhurst-based brokerage team.

Industrial
Granite, tile maker takes 10,000 sq. ft. at Middlesex building

A granite and tile manufacturer has agreed to lease 10,000 square feet at a Middlesex Borough commercial building, under a transaction by The Boniakowski Commercial Real Estate Group.

Professional Services
Resource Realty announces two new SIOR members

Two brokers with Resource Realty are among the newest members of the Society of Industrial and Office Realtors’ New Jersey chapter.

Finance & Capital Markets
JLL sources $16.8 million construction loan for Mercer County industrial project

The developers of a 340,000-square-foot industrial building in Mercer County have secured nearly $17 million in construction financing, under a newly announced transaction by JLL.

Industrial
Kokes, Harvestate unveil Camden County self-storage project

A joint venture has taken the wraps off a new 78,500-square-foot self-storage facility in Winslow Township, bringing a new commercial ratable to the Camden County community.

Projects
NAI DiLeo-Bram taps Simon as chief operating officer

Industry veteran David A. Simon has joined NAI DiLeo-Bram & Co. as chief operating officer, signaling the brokerage firm’s plans to grow its footprint and gain market share in New Jersey.

Office
JLL inks $31 million bridge loan for Parsippany office buyer

The recent buyer of a Parsippany office building has secured more than $30 million in bridge financing, under a newly announced transaction by JLL.

Professional Services
BRC adds sales associate to brokerage division

Bussel Realty Corp. has added to its stable of brokers with the hiring of a new sales associate.

Industrial
Bloom Organization sells net-leased Pennsauken warehouse

An investment firm has acquired a nearly 40,000-square-foot warehouse in Camden County, brokers with Colliers International announced Monday.

Industrial
Machemer, Crow Holdings moving quickly to fill Northeast industrial pipeline

With its first project nearing completion and a tenant in hand, Crow Holdings Industrial is keenly focused on what comes next for its Northeast expansion strategy. The firm has a pipeline in the region amounting to more than 7 million square feet, with the potential to deliver much-needed warehouse and logistics space to a vastly undersupplied market.