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
CBRE: Appetite for new logistics space in New Jersey among nation’s strongest

Vacancy at newly delivered industrial buildings in New Jersey was among the lowest in the nation in 2019, in yet another sign of the ongoing demand for modern logistics space.

Industrial
Trucking firm takes 58,000 sq. ft. at Edison industrial building

A trucking company has leased nearly 60,000 square feet at an Edison industrial building, under a newly announced transaction by Bussel Realty Corp.

Industrial
Denholtz touts new leases, renewals at Toms River business park

Nine tenants have combined to lease more than 15,000 square feet at a business park in Toms River, under a series of transactions by Denholtz Properties.

Sponsored Content
It’s full steam ahead for New Jersey’s industrial market

The New Jersey industrial real estate market has been a model of consistency for the past three years. So, it should come as no surprise that the market had another strong performance to close out the decade, as healthy demand for large blocks of space helped keep absorption positive for the 28th consecutive quarter.

Deals
Organic food distributor takes 83,000 sq. ft. in Moonachie

A food distributor has leased 83,000 square feet at a Moonachie commercial building, under one of several recent transactions by Resource Realty of Northern New Jersey.

Industrial
Morris County industrial building trades for $5.65 million

An investment firm has acquired a nearly 50,000-square-foot industrial building in Randolph, under a newly announced transaction by Team Resources Inc.

Industrial
Pennsauken industrial building, storage lot sell for $1 million

A trucking and logistics firm has acquired more than 4,000 square feet of industrial space and three adjacent acres in Pennsauken, in a transaction arranged by Markeim Chalmers Inc.

People
Team Resources broker promoted, named vice president

Team Resources Inc. has announced a promotion within its brokerage team.

Professional Services
Weichert senior VP earns firm’s top brokerage award for third time

An agent with Weichert Commercial Brokerage has been recognized as the firm’s top performer for the third time in four years.

Industrial
Investor sells 43,000 sq. ft. flex building in Branchburg, C&W says

A nearly 43,000-square-foot flex industrial building in Branchburg has changed hands for $6.4 million, under a newly announced transaction by Cushman & Wakefield.