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
Logistics firms take 330,000 sq. ft. in separate Edison transactions, Lee & Associates says

Two logistics users have combined to lease more than 330,000 square feet in Edison, in a pair of newly announced industrial deals by Lee & Associates New Jersey.

Industrial
BRC: Elevator contractor expands, acquires 40,000 sq. ft. Linden building

An elevator contractor has acquired a 40,000-square-foot industrial building in Linden, under a newly announced transaction by Bussel Realty Corp.

Industrial
NAI Hanson inks sale of 82-acre lot in Warren County

The owner of a former automotive and truck parts recycling facility in Warren County has sold the nearly 82-acre site, in a transaction arranged by NAI James E. Hanson.

Government & Public Policy
EDA, NJIT announce new center for brownfields cleanup

The state Economic Development Authority is teaming with the New Jersey Institute of Technology to establish a new initiative aimed at helping local governments clean up and reposition brownfield sites within their borders.

Industrial
Team Resources: Flooring maker takes 73,000 sq. ft. in Somerset

A flooring manufacturer has leased more than 70,000 square feet at a Somerset County industrial building, in the largest of several newly announced transactions by Team Resources Inc.

Industrial
Denholtz adds 12th building in Bridgewater flex, industrial park

Denholtz Properties has acquired a 26,000-square-foot industrial building in Bridgewater, adding to its footprint in a large commercial complex along Route 22.

Industrial
Greek, fitness operator ink 2,400 sq. ft. warehouse lease in East Brunswick

A fitness operator is among the latest tenants at an East Brunswick industrial park, where it’s taking more than 2,400 square feet under a lease with Greek Development.

Professional Services
Blau & Berg broker promoted to senior director

The Blau & Berg Co. has announced the promotion of a broker specializing in supply chain and logistics-related properties.

Industrial
CBRE brokerage team touts $1.1 billion in New Jersey investment sales in 2019

A regional brokerage team with CBRE is hailing more than $1 billion in sales in 2019, highlighted by the $151.2 million trade of a nearly 320,000-square-foot logistics center in Secaucus.

Industrial
CBRE inks $4.7 million sale of North Jersey flex, industrial portfolio

A family estate has sold a four-building, 95,000-square-foot industrial and flex portfolio in northern New Jersey, under a newly announced transaction by CBRE.