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
STRO adds industry veteran Fitch as managing director of acquisitions, capital markets

The STRO Cos. has named a new managing director of acquisitions and capital markets to support its expansion beyond the Garden State.

Industrial
KSR: Investment firm buys seven-acre Old Bridge industrial property for $7.6 million

Dalfen Industrial has added to its New Jersey portfolio with the acquisition of a nearly seven-acre parcel in Old Bridge, in a deal arranged by Kassin Sabbagh Realty.

Finance & Capital Markets
G.S Wilcox sources $10.2 million loan for new Hampshire self-storage facility

The Hampshire Cos. has secured $10.2 million in financing for a newly built, 785-unit self-storage facility in Connecticut, in a deal arranged by G.S. Wilcox & Co.

Industrial
Developer eyes 490,000 sq. ft. of new industrial space minutes from Lincoln, Holland tunnels

Construction is underway on a project that will bring nearly 500,000 square feet of new industrial space to Jersey City, in a rare ground-up development in the submarket that will create the largest high-end logistics facility within five miles of the Lincoln and Holland tunnels.

Industrial
Voorhees self-storage project lands $12.1 million construction loan, report says

The developer of a new self-storage facility in Voorhees reportedly has secured more than $12 million in construction financing for the project.

Finance & Capital Markets
JLL arranges acquisition financing, JV equity for $23.5 million industrial deal in Sayreville

The buyer of an industrial outdoor storage property in Sayreville has secured acquisition financing for the nearly $24 million deal, brokers with JLL announced Thursday.

Top News
Kaplan ramps up commercial unit with projects in self-storage, modern retail

Kaplan Cos. is stepping up the expansion of its commercial division, with a focus on new self-storage development and efforts to reposition retail assets to meet changing consumer needs.

Industrial
Prologis boosting curb appeal of Meadowlands properties with multimillion-dollar façade project

Prologis Inc. has embarked on a major refresh of its Meadowlands industrial portfolio, seeking to enhance its presence and the appeal of its buildings in one of the region’s key submarkets.

Top News
NAIDB: Middlesex, Union counties stand out as rising rates weigh on N.J. investment sales

Middlesex and Union counties emerged as key focal points for commercial real estate investors in the first half of 2023, accounting for some $700 million in sales through midyear.

Government & Public Policy
BPU adopts permanent community solar program after successful pilot period

A state pilot program that has brought solar panels and new revenue to dozens of New Jersey industrial buildings is now permanent after a recent vote by utility regulators.