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.

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Real Estate NJ’s 2019 Market Forecast

What does the year 2019 have in store for New Jersey’s commercial real estate market? We recruited some of the most influential developers, professionals and thought leaders in New Jersey commercial real estate to give us their predictions for the year ahead.

Industrial
Colliers: Interest remains high, but options still scarce in New Jersey industrial market

A lack of new supply in New Jersey’s industrial market led to a year-end slowdown in leasing — despite high demand — setting up another year of robust activity for newly built warehouse and logistics space.

Industrial
New 55,000 sq. ft. flex building coming to Morris Plains, Resource Realty says

A new light industrial building is nearing completion in Morris Plains, filling a need for small and midsized users seeking modern space in the surrounding area.

Finance & Capital Markets
Wilcox, Thrivent close $170 million in loans for New Jersey apartment and industrial deals

G.S. Wilcox & Co. is touting $170 million in recent loan activity with one of its correspondent lenders, including $100 million for two northern New Jersey apartment developers.

Industrial
Bridge, DHPH detail plans for four-story distribution center in Brooklyn

Bridge Development Partners’ New Jersey-based team and DH Property Holdings have acquired an 18-acre site in Brooklyn, where they plan to develop a four-story distribution center with up to 1.3 million square feet of prime industrial space.

Industrial
Stro hires new COO, general counsel

The Stro Cos. has made a new addition to its executive leadership team to help support its quickly expanding portfolio.

Industrial
Denholtz, snack maker ink 20,300 sq. ft. industrial lease in Piscataway

A food manufacturer has relocated to a Piscataway industrial building as part of a newly announced, 20,300-square-foot lease with Denholtz Associates.

Government & Public Policy
NAIOP: Comptroller report only reinforces need for updated incentives in New Jersey

New Jersey’s use of tax incentives drew harsh criticism from a new audit by a state watchdog agency, but commercial real estate leaders say they welcome the scrutiny — and see it as a step toward updating and renewing the programs later this year.

Industrial
Tulfra, binder maker ink 68,000 sq. ft. industrial lease in West Caldwell

A binder manufacturer is moving to a newly renovated industrial building in West Caldwell as part of a newly announced, 68,000-square-foot lease with Tulfra Real Estate.

Industrial
Elberon acquires 65,000 sq. ft. Hillside warehouse, plans other deals in 2019

Elberon Development Group has acquired a 65,000-square-foot warehouse and distribution center in Hillside, the first of what could be several upcoming additions to its portfolio.