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 Brunswick industrial building trades for $4.8 million

A clothing manufacturer has paid $4.8 million to acquire a 138,000-square-foot industrial property in New Brunswick, Bussel Realty Corp. announced Wednesday.

Industrial
Produce company expanding with new facility in South Jersey

A produce distributor has picked Dermody Properties to develop its new packing and cold storage facility in Gloucester County.

Finance & Capital Markets
Conair sells E. Windsor development site

Conair Corp. has sold a 27-acre development site alongside its headquarters in East Windsor, according to the brokerage firm that orchestrated

Industrial
Transwestern: Rents soaring in Turnpike submarkets

Research by the firm has found that rents for warehouse and distribution space, particularly along the New Jersey Turnpike, are shattering the asking prices of landlords, as the competition among tenants becomes especially fierce.

Industrial
JLL picked to manage Linden industrial portfolio

The new owner of two Linden industrial properties has hired JLL to manage them.

Industrial
Sudler lands first tenant at newest Lakewood industrial site

The Sudler Co. has inked a 25,000-square-foot warehouse lease in Lakewood with a maker of wire ducts and other products.

Deals
San Francisco REIT acquires Franklin industrial building

Terreno Realty Corp. has acquired a small industrial property in Franklin for $9.1 million.

Industrial
Tulfra hires NAI Hanson to manage 11 buildings

NAI James E. Hanson has added to its property management division with an 11-building, 670,000-square-foot portfolio owned by Tulfra Real Estate.

People
Perruna joins JLL to lead project and development services in N.J.

JLL has hired Christopher Perruna as a senior vice president to oversee its project and development services team in New Jersey, the real estate services firm announced.

Industrial
N.J./N.Y. tops JLL ‘scorecard’ for distribution markets

By Joshua Burd The New Jersey/New York Metro Area has topped a new ranking of distribution markets by JLL, with researchers from the firm citing it as an “immensely important driver of industrial space.” The ranking by the real estate…