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
Treetop adds second Freehold industrial building, plans 200,000 sq. ft. redevelopment

Treetop Development has added its fourth industrial building in recent months, acquiring a nearly 155,000-square-foot complex in Freehold that it now plans to redevelop.

Industrial
NAI Hanson: Lighting firm acquires South Hackensack building, relocating from NYC

A lighting company is relocating from Manhattan after acquiring a 20,000-square-foot industrial building in South Hackensack, in a newly announced deal by NAI James E. Hanson.

Industrial
Investors acquire 149,000 sq. ft. Meadowlands property, CBRE says

An investment group has closed on its purchase of a 149,000-square-foot commercial property in Secaucus, in a newly completed transaction by CBRE.

Industrial
NAI Hanson: Three new tenants coming to Newark industrial complex

Three tenants have combined to lease more than 36,000 square feet at a sprawling industrial complex in Newark, under a series of deals by NAI James E. Hanson.

Professional Services
Team Resources broker promoted to vice president

Team Resources Inc. has promoted one of its brokers to vice president, the Lyndhurst-based commercial real estate agency announced this week.

Industrial
JLL: With demand unrelenting, ‘banner’ Q4 sets up blockbuster year for N.J. industrial market

E-commerce users led the charge in fourth-quarter industrial leasing in New Jersey, setting up what could be another record-setting year for owners and developers of logistics space.

Industrial
Duke names new senior VP for Northeast operations

Duke Realty Corp. has named a new executive in the region, tapping one of its longest-tenured employees to help lead its efforts in New Jersey and Pennsylvania.

Finance & Capital Markets
Progress sources $85 million loan for Bronx historic rehab project

The owners of a refurbished historic warehouse building in the Bronx have refinanced the property for $85 million, under a newly announced transaction by Progress Capital.

Industrial
Denholtz signs 9,000 sq. ft. lease at East Brunswick flex complex

Denholtz Properties has signed a new 9,000-square-foot lease at a flex industrial complex in East Brunswick, bringing another tenant to the two-building, 84,000-square-foot property.

Industrial
AY: Prologis, visual communications firm renew 107,000 sq. ft. lease in Carlstadt

Prologis Inc. and a visual communications firm have renewed and extended a nearly 107,000-square-foot lease in Carlstadt, under a newly announced transaction by Avison Young.