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
Developer breaks ground on Woodbridge distribution center

An investment manager has kicked off construction at more than 240,000 square feet of new industrial space in the Avenel section of Woodbridge, the firm said Tuesday.

Industrial
Tulfra sells West Caldwell industrial building for $7.8 million

Tulfra Real Estate has reaped nearly $8 million from the sale of a fully leased, 62,200-square-foot industrial building in West Caldwell, capitalizing on what it says is a growing demand for space in the Fairfield-area submarket.

Finance & Capital Markets
Case launches small loan program for projects nearing stabilization

Case Real Estate Capital LLC, a commercial real estate investment and financing firm, has launched a new program to provide lower-interest loans for properties that are close to stabilization.

Industrial
Tulfra plans self-storage in Clifton redevelopment project

Tulfra Real Estate has acquired a vacant 6.5-acre property alongside Route 3 in Nutley, where it plans to develop a 125,000-square-foot self-storage facility.

Industrial
Denholtz completes turnaround of 75,000 sq. ft. industrial building

A formerly vacant, dilapidated industrial building in Somerset County has found new life after more than 15 years, following a renovation and environmental cleanup by Denholtz Associates.

Industrial
Ridgefield development site on the market as cleanup nears completion

The site of former chemical factory on Route 46 in Ridgefield is up for sale, as its longtime owner nears the end of an environmental cleanup meant to pave the way for redevelopment.

Finance & Capital Markets
Procida closes $3 million bridge loan on Union County properties

Procida Funding & Advisors LLC has provided a $3 million bridge loan as part of a transaction secured by four light industrial properties totaling more than 27,000 square feet in Union County.

Government & Public Policy
EDA: Three NYC manufacturers eye a combined 193,000 sq. ft. in N.J.

Three manufacturers could be moving to New Jersey from New York City’s outer boroughs, following the approval of incentives for the firms by the state Economic Development Authority.

Industrial
Team Resources: Brooklyn firm expanding into Union County

A company that is expanding from Brooklyn will occupy 27,000 square feet at a Hillside industrial building, following a lease brokered by Team Resources Inc.

Industrial
BRC: Photo, electronics equipment firm inks industrial lease in South Plainfield

An electronics and entertainment company will occupy nearly two-thirds of a South Plainfield industrial building, following a 76,640-square-foot lease brokered by Bussel Realty Corp.