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
Storage products firm acquires 30,000 sq. ft. Pennsauken warehouse

A storage products business has acquired a nearly 30,000-square-foot warehouse in Pennsauken, under a newly completed transaction by Colliers International.

Industrial
NAI Mertz inks 23,000 sq. ft. industrial, flex sale in Vineland

A glass and door business has sold a nearly 23,000-square-foot commercial property in Vineland, under a newly announced transaction by NAI Mertz.

Industrial
Woodmont completes 255,000 sq. ft. renewal at Georgia industrial building

Woodmont Industrial Partners has secured a key renewal outside New Jersey, inking a nearly 255,000-square-foot commitment with a logistics firm at a property south of Atlanta.   

Industrial
Events business takes 18,000 sq. ft. in Hackensack, NAI Hanson says

A production company for events and conferences has leased 18,000 square feet at a Hackensack industrial building, brokers with NAI James E. Hanson said Tuesday.

Industrial
Jersey City warehouses sell for $24 million, slated for film studio space

A buyer has paid nearly $24 million for two Jersey City warehouses, brokerage firm Grid Real Estate said, noting that the company now plans to use the buildings for film studio space.

Professional Services
SIOR NJ showcases largest 2019 deals at recent awards ceremony

The Society of Industrial and Office Realtors’ New Jersey chapter hosted its annual largest deal awards on Feb. 27, highlighting some of the Garden State’s top transactions of 2019.

Industrial
NAI Hanson inks sale of 16,000 sq. ft. flex industrial building in Elmwood Park

A longtime owner in Elmwood Park has sold a 16,000-square-foot flex industrial building in the borough, under a newly announced transaction by NAI James E. Hanson.

People
Investment sales broker rejoins Colliers’ New Jersey team

An investment sales broker has rejoined Colliers International, where he will focus on business development and transactions throughout New Jersey and the tristate region.

Deals
Furniture rental business takes 16,500 sq. ft. in Wyckoff, NAI Hanson says

The Stro Cos. has brought a Wyckoff industrial building to full occupancy after recently completing a 16,500-square-foot lease, brokers with NAI James E. Hanson said Tuesday.

Industrial
New Jersey slated for third-largest expansion of industrial space this year, report says

With modern logistics space still in short supply across the country, northern New Jersey will be among the top three markets this year to expand its stock of industrial buildings.