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.

Professional Services
Team Resources broker promoted to vice president

Team Resources Inc. has promoted one of its brokers to vice president, the Lyndhurst-based commercial real estate agency announced this week.

Industrial
JLL: With demand unrelenting, ‘banner’ Q4 sets up blockbuster year for N.J. industrial market

E-commerce users led the charge in fourth-quarter industrial leasing in New Jersey, setting up what could be another record-setting year for owners and developers of logistics space.

Industrial
Duke names new senior VP for Northeast operations

Duke Realty Corp. has named a new executive in the region, tapping one of its longest-tenured employees to help lead its efforts in New Jersey and Pennsylvania.

Finance & Capital Markets
Progress sources $85 million loan for Bronx historic rehab project

The owners of a refurbished historic warehouse building in the Bronx have refinanced the property for $85 million, under a newly announced transaction by Progress Capital.

Industrial
Denholtz signs 9,000 sq. ft. lease at East Brunswick flex complex

Denholtz Properties has signed a new 9,000-square-foot lease at a flex industrial complex in East Brunswick, bringing another tenant to the two-building, 84,000-square-foot property.

Industrial
AY: Prologis, visual communications firm renew 107,000 sq. ft. lease in Carlstadt

Prologis Inc. and a visual communications firm have renewed and extended a nearly 107,000-square-foot lease in Carlstadt, under a newly announced transaction by Avison Young.

Retail
Bed Bath & Beyond completes $250 million sale-leaseback that includes stores, industrial space

Bed Bath & Beyond Inc. has completed a $250 million sale-leaseback agreement spanning more than 2 million square feet of commercial space, in a step aimed at stabilizing the finances of the Union-based retailer.

Industrial
Boniakowski: High-end candy, sweets company buys 27,000 sq. ft. Middlesex building

A candy and sweets importer is relocating from New York after acquiring a 27,000-square-foot building in Middlesex Borough, The Boniakowski Commercial Real Estate Group announced.

Events
March of Dimes to honor Milanaik at annual real estate industry fundraiser

The March of Dimes has picked veteran developer Jeff Milanaik as the latest honoree for its annual northern New Jersey real estate awards reception.

Industrial
CBRE details 312,373 sq. ft. lease, plans for new Modell’s logistics hub in Bordentown

Modell’s Sporting Goods is relocating to a new logistics and distribution hub in Bordentown after an “exhaustive search” that spanned three states, according to brokers with CBRE.