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
First tenant commits to new Morris Plains flex building, Resource Realty says

The developer of a new flex commercial building in Morris Plains has secured its first tenant, inking a 20,000-square-foot lease with a logistics provider for the life sciences industry.

Industrial
Duke Realty adds leasing rep to New Jersey team

Duke Realty Corp. has deepened its bench in New Jersey with the addition of a leasing representative who has relocated from its Pennsylvania office.

Industrial
Connors touts 20,000 sq. ft. industrial lease in Raritan Center

The owner of a warehouse in Edison’s Raritan Center complex has signed a nearly 20,000-square-foot lease at the property, according to the William F. Connors Agency.

Industrial
JLL expands Northeast industrial team with two Pennsylvania brokers

JLL has added two veteran Pennsylvania brokers to its regional industrial team.

Finance & Capital Markets
JLL inks $10.1 million loan for West Deptford industrial deal

An investment fund has secured $10.1 million in financing for a newly acquired, 183,000-square-foot industrial building in West Deptford.

Industrial
BRC inks 12,000 sq. ft. industrial sale in Springfield

An industrial flex building in Springfield has changed hands for nearly $2 million, Bussel Realty Corp. announced Wednesday.

Industrial
Florida investment firm acquiring 332,000 sq. ft. cold storage complex in Gloucester

A real estate investment firm is set to acquire a 332,000-square-foot cold storage facility that is under construction in Gloucester County.

Industrial
Elberon: Cabinet wholesaler leaving Brooklyn, inks 75,000 sq. ft. lease in Elizabeth

A kitchen cabinet wholesaler is moving from Brooklyn to Elizabeth, where it has signed a full-building, 75,000-square-foot lease with Elberon Development Group.

Professional Services
Avison Young tenant, occupier solutions professional named principal

Avison Young has named a new principal in New Jersey, promoting an industry professional with more than a decade of experience in tenant representation and occupier solutions.

Industrial
CBRE: Industrial leasing in New Jersey, Northeast rebounds in April

Led in large part by northern and central New Jersey, industrial leasing in the Northeast bounced back in April after a slowdown earlier in the year.