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
Seasoned brokers Capetta, Corpuel join Lee & Associates – WBE

Lee & Associates has expanded its industrial brokerage team in New Jersey with the additions of Gary Capetta as managing partner and Matthew Corpuel as partner.

Industrial
NAI Mertz: Faropoint adds 60,000 sq. ft. flex industrial building for second Bucks County deal

Faropoint has acquired a 60,000-square-foot flex industrial building in Pennsylvania’s Bucks County, in a newly announced deal by NAI Mertz.

Industrial
NAIDB: Floor coating distributor buys Union Twp industrial building for $6 million

A floor coating distributor has acquired a 24,000-square-foot industrial building in Union Township for $6 million, in a newly announced deal by NAI DiLeo-Bram & Co.

Events
‘Spirit of philanthropy’ in full focus as United Way honors Kossar alongside Crow Holdings at Carteret, NEST projects

Nearly 400 commercial real estate leaders came together last week in support of United Way of Northern New Jersey, raising $347,000 as part of a program that honored top industrial broker Rob Kossar along with two high-profile development projects.

People
Saxum promotes Shah, key player in cold storage platform, to vice president of acquisitions

Saxum Real Estate has promoted Sunny Shah to vice president of acquisitions, touting his role in the Summit-based firm’s growing cold storage division.

Industrial
NAI Hanson’s Perkins, Todd win SIOR award for $156 million industrial outdoor storage deal

Two top brokers at NAI James E. Hanson have earned national honors for their role in the more than $156 million sale of a large industrial outdoor storage portfolio in Hudson County.

Industrial
Bain Capital, OSC close $208 million deal for 784,000 sq. ft. North Jersey industrial portfolio

Bain Capital and Oliver Street Capital have acquired an 11-building, 784,000-square-foot industrial portfolio in northern New Jersey for $208 million, the firms announced Thursday.

Industrial
Crow Holdings inks 156,000 sq. ft. industrial lease in Burlington with GMB North America

Crow Holdings Development has filled more than half of a new industrial building in Burlington, leasing 156,000 square feet to a subsidiary of global auto parts manufacturer GMB.

Industrial
Greek enters Florida, buying 100,000 sq. ft. industrial building near Tampa for $23 million

Greek Real Estate Partners has expanded to Florida with its acquisition of a 100,000-square-foot industrial building outside Tampa, the company announced Thursday.

Government & Public Policy
Plan to replace Newark Bay Bridge moves ahead after environmental review by Coast Guard

The U.S. Coast Guard has signed off on the first piece of a plan to rebuild the Newark Bay-Hudson County Extension, supporting the findings of an environmental review by the New Jersey Turnpike Authority and issuing a key permit to help the $6 billion project proceed.