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
The RealReal opens 490,000 sq. ft. e-commerce center in Perth Amboy

An online luxury consignment shop has officially added to its footprint in New Jersey, marking the opening of its nearly 500,000-square-foot distribution center in Perth Amboy.

Industrial
BRC: Moving, storage company takes 17,500 sq. ft. in Linden

A moving and storage business has leased 17,500 square feet at a Linden industrial building, under a newly announced transaction by Bussel Realty Corp.

Industrial
NKF: Buyer of Meadowlands office site plans industrial redevelopment

The site of a Lyndhurst office complex is slated for redevelopment as a new 110,000-square-foot industrial building, following a recent transaction by Newmark Knight Frank.

Finance & Capital Markets
JLL inks $11 million refi for 157,000 sq. ft. corporate park in Closter

The owner of a five-building commercial park in Bergen County has refinanced for $11 million, following a transaction arranged by brokers with JLL.

Industrial
Atlantic inks sale of 32,000 sq. ft. industrial building in Branchburg

A woodwork and furniture business has acquired a 32,120-square-foot industrial building in Branchburg, under a $3.15 million sale arranged by Atlantic Real Estate Services.

Government & Public Policy
Kearny Point access road slated for ‘complete green street’ redevelopment

The main access road into the sprawling, distinctive Kearny Point development is slated to become significantly greener and more welcoming to pedestrians and cyclists, thanks to a new $3 million federal grant that was awarded to its host municipality.

Events
NAIOP honors transformative deals, industry icons at annual gala

Two of the state’s most ambitious redevelopment and adaptive reuse projects were among the top honorees Thursday at NAIOP New Jersey’s annual gala, where a crowd of hundreds celebrated the commercial real estate industry and some of its leading figures.

Professional Services
NAI Hanson announces two promotions to associate VP

NAI James E. Hanson has made two promotions within its commercial brokerage team.

Industrial
Sudler, GTJ open new Piscataway facility for global art supplier

An international art supplier has opened its new 150,000-square-foot headquarters and distribution center in Piscataway, where a joint venture has redeveloped the former site of a defunct office building.

Industrial
Logistics user takes 47,600 sq. ft. in New Brunswick, BRC says

A logistics firm has leased more than 47,000 square feet of industrial space in New Brunswick, under a newly announced transaction by Bussel Realty Corp.