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
Duke breaks ground on 662,000 sq. ft. warehouse in Newark port submarket

Duke Realty has broken ground on a speculative, 662,000-square-foot industrial building in the heart of Newark’s port district.

Industrial
Sheldon Gross inks sale of Old Bridge warehouse

An auto dealer and transporter has purchased a 30,000-square-foot warehouse in Old Bridge, brokers with Sheldon Gross Realty said Thursday.

People
NAI Hanson hires associate for Bergen County sales team

By Joshua Burd NAI James E. Hanson has added to its brokerage team with the hiring of a new associate. The real estate services firm announced Wednesday that David M. Ukleja has joined its Teterboro office. In the new role,…

Industrial
Zimmel inks $2.1 million sale of Somerset flex building

A maker of medical diagnostic tests has acquired a 17,000-square-foot flex building in the Somerset section of Franklin, following a transaction brokered by Zimmel Associates.

Industrial
AY: Despite demand, New Jersey starved for new cold storage space

New Jersey remains one of the nation’s most underserved markets for cold storage space, despite its potential to share in the expanding market for fresh food and online grocery delivery.

Industrial
Hampshire, Harrison Street unveil self-storage platform along I-95 corridor

The Hampshire Cos. is deepening its push into self-storage, announcing a new joint venture and development plan with one of the industry’s largest alternative investment firms.

Finance & Capital Markets
Investors touts $2.48 billion in commercial real estate lending in 2018

Investors Bank inked nearly $2.5 billion in commercial real estate loans in 2018, including $385 million in volume across 19 transactions to close out the year.

Industrial
Megaprojects: Klatskin, Milanaik detail two of New Jersey’s largest industrial developments

A pair of top industrial developers offered a glimpse at two of New Jersey’s largest warehouse and logistics projects, detailing plans that would add nearly 7 million square feet across two coveted submarkets.

Top News
Tulfra, Hampshire tout start of construction at mixed-use project in Belleville

Tulfra Real Estate and The Hampshire Cos. are nearing completion of the first piece of a 500,000-square-foot, mixed-use development at a former Roche Diagnostics site in Belleville.

Industrial
Sitex acquires 100,000 sq. ft. Meadowlands property

Sitex Group has acquired a 100,000-square-foot warehouse building in Carlstadt, one of three recent additions to its industrial portfolio in New Jersey and New York.