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
Developer plans sprawling industrial park after $12M land sale in South Jersey

Cushman & Wakefield has brokered the sale of a sprawling 415-acre development tract in Gloucester County, where the buyer plans to build a 3 million-square-foot industrial park.

Industrial
New deals, renewals keep Heller portfolio fully leased

Heller Industrial Parks inked more than 50 transactions across its vast industrial footprint last year, accounting for some 5 million square feet in leasing activity and keeping the firm’s occupancy at 100 percent heading into 2017.

Industrial
Tenants quick to grab new industrial space in N.J., report finds

If there’s any doubt about the demand for new industrial space in New Jersey, look no further than the response to speculatively built warehouse and distribution projects in 2016.

Finance & Capital Markets
G.S. Wilcox brokers $44M in financing for developers

G.S. Wilcox & Co. has secured more than $44 million in financing tied to three recent transactions, including a $7 million loan for an industrial facility in Totowa.

Professional Services
New Weichert Commercial unit aims to help investor clients

Weichert Commercial Brokerage Inc. has launched a new platform aimed at assisting clients seeking to invest in commercial real estate, the company announced Tuesday.

Industrial
HVAC wholesaler plans upgrades for newly acquired Perth Amboy site

A company that sells supplies for contractors and plumbers has acquired a 9,000-square-foot building in Perth Amboy, Rosengarten Realty & Development announced Monday.

Industrial
C&W: Upgrades coming to Linden industrial building after sale

Seagis Property Group has acquired a 504,000-square-foot industrial building in Linden and has embarked on a multimillion-dollar renovation at the property, Cushman & Wakefield announced.

Retail
Watchung shopping center welcomes beauty supply store

A beauty supply retailer has opened a new store inside the Blue Star Shopping Center in Watchung, Levin Management Corp. announced.

Industrial
New tenant joins Delran flex building, WCRE says

Wolf Commercial Real Estate has brokered a nearly 8,000-square-foot lease at a flex space in Delran, the firm announced Friday.

Industrial
NAI Hanson inks 70K sq. ft. industrial lease in Hackettstown

A warehousing and distribution firm has renewed its lease in Hackettstown amid plans to grow its third-party logistics business, brokers with NAI James E. Hanson said.