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
Zimmel touts sale of 67,000 sq. ft. Edison warehouse

A commercial real estate firm has sold a nearly 67,000-square-foot industrial building in Edison, in a transaction brokered by Zimmel Associates and Stricker Realty.

People
Sanzari announces promotion to commercial property manager

Alfred Sanzari Enterprises has promoted a member of its property management team, expanding her role in overseeing its 2 million-square-foot commercial holdings.

Industrial
C&W: Forsgate, Goodwill ink 126,000 sq. ft. lease at new South Hackensack warehouse

A regional Goodwill organization has signed a full-building, 125,500-square-foot lease at a South Hackensack industrial property, where it now plans to open a new outlet location.

Industrial
BRC inks sale of two-acre development site in Edison

A commercial development site in Edison has changed hands for more than $1 million, in a newly completed transaction by Bussel Realty Corp.

Industrial
Denholtz adds 69,000 sq. ft. industrial building in Eatontown, Zimmel says

Denholtz Properties has acquired a nearly 70,000-square-foot industrial building in Eatontown, under a newly completed transaction by Zimmel Associates.

Industrial
Wig distributor takes 69,000 sq. ft. at newly delivered Meadowlands building

Duke Realty Corp. has brought a newly built, 194,000-square-foot industrial building in the Meadowlands to full occupancy after inking a lease with a wig manufacturer and distributor.

Industrial
CenterPoint acquires 315,000 sq. ft. last-mile delivery hub in Jersey City

CenterPoint Properties has acquired a three-year-old, 315,389-square-foot industrial building in Jersey City, the latest addition to its fast-growing New Jersey portfolio.

Industrial
CBRE: Peloton opens 156,000 sq. ft. warehouse, fulfillment center in Carteret

At-home fitness company Peloton Interactive has opened a new warehouse and fulfillment center in Carteret, where it has leased 156,000 square feet as part of a deal arranged by CBRE.

Industrial
Moving company takes 12,000 sq. ft. at sprawling Newark industrial complex

A commercial moving company is taking nearly 12,000 square feet at a newly renovated industrial complex in Newark, in a recent transaction by NAI James E. Hanson.

Finance & Capital Markets
Northern New Jersey among top 10 markets for net-lease investment, CBRE says

Net-lease investment is on the rise in the U.S., with northern New Jersey remaining a key target for buyers of industrial property and other commercial asset classes.