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
BRC inks sale of four-acre development parcel in Carteret

A four-acre industrial development site in Carteret has changed hands, under a newly announced transaction by Bussel Realty Corp.

Government & Public Policy
Murphy reiterates plan to veto incentives extension, hopes for ‘common ground’

Gov. Phil Murphy doubled down on his pledge to veto a bill to extend New Jersey’s embattled tax incentive programs, while still offering hope for a compromise with state lawmakers.

Industrial
Developers, brokers launch 4.1 million sq. ft. logistics center project in Linden

A joint venture has kicked off what it says will be the largest active industrial project near the Port of New York and New Jersey, breaking ground on a 4.1 million-square-foot logistics park at a long-vacant site in Linden.

Industrial
Developer acquires Mercer County site, plans 350,000 sq. ft. industrial project

An investment group has acquired a 31-acre site in Mercer County that was once slated for a new hospital, but is now on track to become a 350,000-square-foot industrial development.

Professional Services
Walsh joins Advance as managing director for development, construction

Advance Realty Investors has hired longtime industry executive Tom Walsh, who will help oversee development and construction for its fast-growing portfolio and for third parties.

Industrial
Fair Lawn location is food company’s third N.J. warehouse, NAI Hanson says

A food manufacturer has expanded its footprint in New Jersey with a nearly 102,000-square-foot lease in Fair Lawn, brokers with NAI James E. Hanson announced Tuesday.

Industrial
Colliers inks 112,000 sq. ft. extension at North Brunswick warehouse

A building and construction products distributor has extended its 112,000-square-foot lease in North Brunswick, brokers with Colliers International announced Monday.

Industrial
Russo, Forsgate close on Meadowlands site slated for 3 million sq. ft. industrial park

Russo Development and Forsgate Industrial Partners have completed their purchase of a 718-acre tract in Bergen County, paving the way for more than 3 million square feet of new high-end industrial space in the heart of the Meadowlands.

Industrial
Dermody acquires, plans upgrades at vacant 615,000 sq. ft. industrial building in East Windsor

Dermody Properties has acquired a vacant 615,000-square-foot industrial complex in East Windsor, where it’s now planning a series of upgrades over the next several months.

Industrial
Linden industrial building fetches $5.8 million, BRC says

The longtime owner of a nearly 75,000-square-foot industrial building in Linden has sold the property for $5.8 million, brokers with Bussel Realty Corp. said Wednesday.