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
Greek Development inks 67,000 sq. ft. lease at Bucks County industrial park

Greek Development has signed a new 67,200-square-foot lease at a 12-building, 1.7 million-square-foot industrial park just west of Burlington County.

Industrial
Logistics firm takes 100,000 sq. ft. at Meadowlands building

A logistics firm has leased more than 100,000 square feet at an upgraded industrial building in East Rutherford, in a newly announced transaction by the Goodman Group.

Industrial
Fairfield: Seven-building industrial, flex portfolio trades for $30 million

An institutional owner has acquired a seven-building, 315,800-square-foot portfolio in Fairfield for more than $30 million, under a newly completed transaction by Sheldon Gross Realty.

Professional Services
Colliers touts five promotions in New Jersey

Colliers International has made five promotions within its New Jersey brokerage team.

Industrial
New Jersey industrial rents ‘skyrocket’ as demand outpaces supply, Transwestern says

Demand for New Jersey industrial space continues to surge, causing asking rents to skyrocket even as developers race to deliver new buildings.

Finance & Capital Markets
HFF inks $36 million refi for Woodbridge cold storage project

A joint venture has closed on a nearly $36 million loan to refinance a fully leased, 182,154-square-foot cold storage facility in Woodbridge, following a transaction arranged by HFF.

Industrial
Auto parts distributor takes 37,000 sq. ft. in Carlstadt, NAI Hanson says

An auto parts distributor and developer has leased 36,750 square feet at a Carlstadt industrial building, brokers with NAI James E. Hanson announced Thursday.

Professional Services
Locally grown: Lee & Associates, marking 10 years in New Jersey, is primed for additional expansion

Lee & Associates is marking 10 years since the launch of its New Jersey office, having grown from just four brokers and three employees to a team of 55, thanks in large part to the firm’s distinctive broker-owned model and a growing number of service lines.

Industrial
Brooklyn investor acquires 117,000 sq. ft. industrial building in Middlesex

An investment group has acquired a 117,000-square-foot industrial building in Middlesex Borough, under a newly announced transaction by Bussel Realty Corp.

Policy Page
Earth Day 2019 Rx: Focus on recycling

April 22 is Earth Day, always a great time to reflect on what we as citizens can do to make the planet a little greener: reducing waste, conserving energy, reusing or donating products and recycling.