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
Chemicals maker expands, takes 20,000 sq. ft. in Parsippany, NAI Hanson says

A specialty chemicals maker has leased 20,000 square feet of industrial space in Parsippany as part of an ongoing expansion, brokers with NAI James E Hanson announced.

Industrial
Matrix inks new industrial leases with Modell’s, Walmart for nearly 500,000 sq. ft.

Matrix Development Group has signed new leases at industrial projects in Burlington and Salem counties, where two of retail’s biggest names will take a combined 489,000 square feet.

Industrial
Crow Holdings, LG Electronics ink 925,000 sq. ft. lease at Franklin industrial project

Crow Holdings Industrial has inked a 925,000-square-foot lease in Franklin Township with LG Electronics USA, landing a high-profile tenant at its first New Jersey warehouse project.

Industrial
CBRE: Pricing gap for investors narrows between cold storage, traditional warehouses

Investors increasingly are warming up to the cold storage warehousing sector in New Jersey and other major markets — despite ongoing challenges in the asset class — pushing cap rates for Class A facilities closer to those of traditional high-quality warehouses.

Industrial
Elberon inks new Elizabeth industrial deals totaling 140,000 sq. ft.

A building materials company has extended its 50,000-square-foot lease in Elizabeth, in the largest of five newly completed transactions by Elberon Development Group.

Industrial
Atlantic inks $15.6 million sale of Somerset industrial building

A maker of natural ingredients and chemicals has sold its 120,000-square-foot warehouse in Somerset County for $15.6 million, under a transaction by Atlantic Real Estate Services.

Industrial
C&W tapped to sell 41,000 sq. ft. industrial building in South Plainfield

The owner of a 41,000-square-foot industrial building in South Plainfield is seeking a buyer for the property, brokers with Cushman & Wakefield announced, touting its value-add potential in a burgeoning submarket along Interstate 287.

Industrial
Zimmel touts sale of 67,000 sq. ft. Edison warehouse

A commercial real estate firm has sold a nearly 67,000-square-foot industrial building in Edison, in a transaction brokered by Zimmel Associates and Stricker Realty.

People
Sanzari announces promotion to commercial property manager

Alfred Sanzari Enterprises has promoted a member of its property management team, expanding her role in overseeing its 2 million-square-foot commercial holdings.

Industrial
C&W: Forsgate, Goodwill ink 126,000 sq. ft. lease at new South Hackensack warehouse

A regional Goodwill organization has signed a full-building, 125,500-square-foot lease at a South Hackensack industrial property, where it now plans to open a new outlet location.