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.

Editor’s Note

Coming soon: Industry Roundups from Real Estate NJ

In the days and weeks ahead, we will introduce a new addition to Real Estate NJ aimed at zeroing in on the major asset classes and service sectors in the Garden State. Known as Industry Roundups, the new e-blasts will highlight the top headlines and stories in each field, giving you a chance to catch up on all the latest news in a way that’s tailored to a specific part of the industry.

Investor acquires four Tulfra industrial buildings in northern N.J.

Tulfra Real Estate has sold a four-building, 254,000-square-foot industrial portfolio in northern New Jersey, in a transaction arranged by Newmark Knight Frank.

Saddleback inks 20,000 sq. ft. lease in Fairfield

A distribution firm has leased 19,650 square feet at a Fairfield industrial building, landlord Saddleback Real Estate Developers announced recently.

New 315,000 sq. ft. warehouse coming to Old Bridge

A houseware wholesaler is set to own and occupy a newly built, 315,000-square-foot industrial building in Old Bridge, following a deal arranged by Corporate America Realty & Advisors.

Land prices surging in N.J. industrial market, CBRE says

Large industrial sites in northern New Jersey now cost an average of nearly $1.8 million per acre, CBRE found, as surging demand and the scarcity of land continue to drive up pricing.

Devli Group acquires Warren flex complex from Hampshire

A real estate investor and developer has acquired a nearly 122,000-square-foot complex in Warren, where it has the potential to build an additional 46,000 square feet.

Professional Services

BRC adds two sales associates for industrial brokerage

Bussel Realty Corp. has bolstered its brokerage team with two new hires, the industrial real estate services firm said Tuesday.

Stro Cos. touts leases at Meadowlands industrial building

Two new leases and two renewals have fueled more than 26,500 square feet of activity at a Meadowlands flex industrial building, executives with The Stro Cos. announced recently.

NAI Hanson: Clothing distributor leases 14,300 sq. ft. in Hackensack

A clothing distributor is relocating to a Hackensack industrial building, where it will occupy more than 14,000 square feet with the potential for expansion.

Woodmont sells 104,000 sq. ft. Meadowlands warehouse

The industrial arm of Woodmont Properties has sold a 104,000-square-foot warehouse in Moonachie, whose new owner is now planning a major renovation at the building.