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.

Finance & Capital Markets
NYL inks $60.2 million mortgage for Hartz industrial portfolio

Hartz Mountain Industries has landed a $60.2 million loan from New York Life Real Estate Investors for a five-building, 613,726-square-foot industrial portfolio in three municipalities.

Industrial
Wine importer, distributor takes 100,000 sq. ft. in Bergen County

A wine importer and distributor has leased more than 100,000 square feet of industrial space in Northvale, in a newly announced transaction by Team Resources Inc.

Professional Services
Diversity, inclusion programs have become critical to real estate services firms

Commercial real estate services firms have increasingly sought to provide networking, mentorship and team-building resources available to their professionals within their ranks, aiming to stay competitive as employers and better promote diversity and inclusion.

Industrial
Equity investor adds 67,000 sq. ft. flex industrial building in Parsippany

A private equity firm has acquired a nearly 70,000-square-foot industrial flex building in Parsippany, under a newly announced transaction by NAI James E. Hanson.

Industrial
Duke Realty, Home Depot ink 1.3 million sq. ft. at Perth Amboy redevelopment site

Home Depot will lease more than 1 million square feet from Duke Realty Corp. at a redevelopment site in Perth Amboy, occupying two buildings as the company seeks to overhaul its supply chain.

Industrial
Home décor business renews for 152,000 sq. ft. in Piscataway, BRC says

A home décor company that leases nearly 152,000 square feet in Piscataway has signed a renewal, in a newly announced transaction by Bussel Realty Corp.

Office
Kearny Point seeks to support cleantech startups through new office space program

The developer of the $1 billion Kearny Point project in Hudson County has unveiled a new partnership for the campus, seeking to support businesses focused on clean technology and environmental sustainability.

Industrial
PR network for auto industry takes 24,000 sq. ft. in Hackensack

A public relations and marketing firm for the auto industry has leased 24,000 square feet in Hackensack, in one of several newly announced deals by Team Resources Inc.

Industrial
WCRE inks sale of rec centers in Cherry Hill, Mount Laurel

A sports and entertainment operator has acquired two facilities in southern New Jersey, under a newly completed transaction by Wolf Commercial Real Estate.

Industrial
Camber, Advance sell 529,000 sq. ft. light industrial portfolio, JLL says

A joint venture has sold more than 500,000 square feet of light industrial space in Morris County, closing the deal less than two years after acquiring the four-building portfolio.