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.

Office
Mount Laurel flex park fetches $10.7 million, Colliers says

A private investor has acquired a five-building, 96,000-square-foot office and flex park in Mount Laurel for nearly $11 million, brokers with Colliers International announced Monday.

Industrial
BRC: Health products manufacturer subleasing 65,000 sq. ft. in South Brunswick

A maker of health and beauty products will occupy nearly 65,000 square feet of industrial space in South Brunswick, under a newly announced sublease by Bussel Realty Corp.

Industrial
Blackstone industrial arm adds two Linden properties, C&W says

Blackstone’s U.S. industrial real estate platform has expanded its New Jersey holdings, acquiring two fully leased Linden buildings with a combined 200,000 square feet.

Industrial
CenterPoint adds Newark development site, plans 186,000 sq. ft. industrial project

CenterPoint Properties has acquired a nearly 13-acre development site in Newark, where it’s now planning more than 180,000 square feet of logistics space minutes from Port-Newark Elizabeth.

Industrial
Rockefeller touts $60 million sale of new Piscataway industrial building

Rockefeller Group is detailing the sale of a nearly 400,000-square-foot building within its new Piscataway industrial park, touting the deal as a sign of diversification within the asset class.

Industrial
Advance names new managing director of industrial development

A former Prologis executive has joined Advance Realty Investors to spearhead the firm’s pipeline of industrial projects.

Professional Services
GZA names new principal in New Jersey among recent promotions

GZA GeoEnvironmental Inc. has named a new principal in New Jersey, in one of three newly announced promotions for the professional services firm.

Industrial
Treetop adds 120,000 sq. ft. industrial building in Freehold

A developer and investor has acquired a nearly 120,000-square-foot warehouse in Freehold, its second industrial deal in two months, in a newly announced transaction by CBRE.

Industrial
CenterPoint taps new senior VP for development for east region

CenterPoint Properties has named a new lead development executive on the East Coast, a position whose focus will include growing the firm’s presence in New Jersey.

Events
NAIOP highlights standouts in service, advocacy at annual awards dinner

Commercial real estate leaders came together on Monday to honor a group of top advocates and service professionals, touting their work in public policy and in shaping the industry’s future.