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
Newark industrial project lands $16.2 million construction loan

HFF has secured $16.2 million in financing for the development of a 290,063-square-foot, speculative industrial building near Newark’s port district.

Industrial
NAI Hanson: Commercial tire maker opens in New Providence industrial space

A newly launched commercial tire business will occupy more than 36,000 square feet of industrial space in New Providence, following a recent deal by NAI James E. Hanson.

Events
NAIOP reveals deal of the year finalists for 2018 gala

NAIOP New Jersey has unveiled the finalists for its coveted Deal of the Year awards, a group that includes eight of the state’s most high-profile transactions of 2017.

Industrial
Woodmont industrial group expands outside Northeast with Ga. property

Woodmont Industrial Partners has expanded its footprint outside New Jersey, acquiring a 519,000-square-foot distribution center just south of Atlanta.

People
Advance hires new senior associate of asset management

The New Jersey Center of Excellence in Bridgewater — Courtesy: Advance Realty By Joshua Burd Advance Realty has continued its recent flurry of hiring with an addition to its asset management team. The Bridgewater-based developer said Thursday that it had…

Industrial
CPN brokers $3.25 million sale of Ewing facility

A pharmaceutical packaging firm has acquired a 41,000-square-foot facility in Mercer County, in a $3.25 million transaction arranged by Commercial Property Network Inc.

Finance & Capital Markets
CBRE honored for role in Bridge portfolio sale

A national publication has recognized CBRE for its role in last year’s blockbuster sale of a three-state, 3.4 million-square-foot industrial portfolio by Bridge Development Partners.

Cover Story
Commercial landlords hope for continued growth

Experts believe the reforms will spur additional growth during an expansion that will soon be the second-longest in U.S. history, thanks in part to a sweeping cut to the corporate tax rate from 35 to 21 percent. That bodes well for New Jersey’s office and industrial landlords.

Professional Services
Broker joins Vantage RES as sales associate

Vantage Real Estate Services has once again added to its fast-growing brokerage team.

Finance & Capital Markets
NKF inks sale of 788,000 sq. ft. industrial portfolio in Connecticut

Capital markets brokers based in Newmark Knight Frank’s Rutherford office have inked the sale of a six-building, 788,000-square-foot industrial portfolio in Connecticut.