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
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.

Industrial
Key Properties, flooring distributor ink 35,000 sq. ft. expansion in Meadowlands

A flooring distributor is more than doubling its footprint at an 80,000-square-foot industrial building in Carlstadt, landlord Key Properties LLC announced Thursday.

Roundtable
How has e-commerce impacted building design in either retail or industrial space?

How has e-commerce impacted building design in either retail or industrial space? We assembled a panel of industry experts to tackle this month’s question.

Industrial
NAI Hanson named leasing agent at Allendale flex park

A joint venture has tapped NAI James E. Hanson as the leasing agent for its recently acquired, 370,000-square-foot flex industrial park in northern Bergen County.

Top News
Friends, colleagues recall Stan Simon as a model of integrity in New Jersey real estate

Friends, former colleagues and longtime clients have been paying tribute to the late Stanley Simon, the longtime head of Jacobson Goldfarb & Tanzman LLC, as a “true gentleman” who was among the most effective, honest and respected figures in New Jersey commercial real estate — one who groomed and influenced many of the state’s top brokers.