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
Hampshire sells Hackettstown flex, industrial complex to Devli Group

The Hampshire Cos. has sold a nearly 200,000-square-foot flex and industrial park in Hackettstown, along with roughly eight acres of developable land nearby.

Finance & Capital Markets
Growing NKF capital markets team picks up seven assignments

Newmark Knight Frank is marketing four office and industrial properties for sale in northern and central New Jersey, along with a construction-ready development site in Bergen County.

Finance & Capital Markets
HFF: Investment firm buys 26-building Mack-Cali portfolio in South Jersey

Mack-Cali Realty Corp. has sold a 1.2 million-square-foot office and flex portfolio in Burlington County, according to brokers with HFF who marketed the buildings.

Industrial
Hampshire, First Westwood unveil ‘integrated’ self-storage building in downtown Westwood (SLIDESHOW)

The newest building in downtown Westwood has the look and feel of many other properties in the neighborhood, yet it’s unlike anything else in the central business district. Jon Hanson knows that to be a winning formula for a self-storage project.

Event Coverage
ULI honors standout projects, CRE leaders at annual awards dinner (SLIDESHOW)

Eight projects and two key figures in New Jersey commercial real estate were among the honorees at an annual awards dinner hosted by the Urban Land Institute’s Northern New Jersey chapter, which drew a crowd of development executives and professionals.

Government & Public Policy
EDA approves 10-year, $30 million incentive for flatbread maker to expand in Paterson

State officials have offered nearly $30 million in tax credits over 10 years to encourage a maker of Mediterranean flatbreads and other foods to expand its footprint in Paterson.

Industrial
Logistics firm leases 58,000 sq. ft. in Saddle Brook

A logistics firm has expanded into nearly 60,000 square feet of industrial space in Saddle Brook, according to brokers with Team Resources Inc.

Industrial
Avison Young brokers Secaucus warehouse lease for well-known dance company

A renowned modern dance company has leased more than 17,500 square feet at a Secaucus warehouse, where it will use the space to store and build its performance sets.

Government & Public Policy
Population, policy shifts in focus at NAIOP developers’ panel

The role of demographics and government were in focus recently as NAIOP New Jersey hosted its annual CEO Perspective event. Joined by a crowd of professionals and developers, four executives highlighted key trends and policies that are shaping New Jersey’s real estate sector, while raising questions about what could impact the industry in the near term.

Industrial
Colliers: Demand outstripping supply as N.J. industrial sector continues torrid pace

Industrial leasing in northern and central New Jersey took a slight step back in the third quarter, but only because demand continues to outpace the amount of big-box space available in the market.