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.

Events
JLL’s Kossar to headline United Way Legacy Event, with six projects vying for Impact Awards

United Way of Northern New Jersey will honor JLL’s Rob Kossar next month at an annual fundraiser that draws hundreds of commercial real estate industry leaders, where the organization will also celebrate top projects in multiple asset classes.

Industrial
Prologis buys 1.1 million sq. ft. industrial portfolio at Exit 8A in reported $197 million deal

Prologis Inc. has added more than 1 million square feet in the region with its acquisition of two industrial properties in Monroe Township, in a deal arranged by Cushman & Wakefield.

Industrial
Castelbuono joins PREMIER East Coast team as vice president of field operations

PREMIER Design + Build Group has hired Fred Castelbuono as vice president of field operations, making another key addition to its growing East Coast team.

Industrial
Zimmel named leasing agent for new 129,000 sq. ft. warehouse project in Tinton Falls

The developer of more than 129,000 square feet of new industrial space in Tinton Falls has tapped Zimmel Associates as its leasing team for the property.

Industrial
Investor buys flex, warehouse portfolio in Rockaway Borough for $13 million, CBRE says

A private investor has acquired more than 123,000 square feet of commercial space in Rockaway Borough for $12.75 million, in a newly announced deal by CBRE.

People
Denholtz taps Kotlyarevsky as chief financial officer

Denholtz has made another addition to its leadership team with the appointment of Alexander Kotlyarevsky as chief financial officer, the Red Bank-based firm announced Thursday.

Industrial
Hackettstown industrial deals among 57,000 sq. ft. in new RRNNJ leases in Warren, Morris

Devli Real Estate has filled nearly 38,000 square feet with two leases at an industrial flex building in Hackettstown, in the largest of several new deals by Resource Realty of Northern New Jersey.

Industrial
Food distributor buys 7,000 sq. ft. Howell facility in deal arranged by Sheldon Gross

A specialty food distributor has acquired a 7,000-square-foot flex property in Howell for $2.125 million, in a newly announced deal by Sheldon Gross Realty.

Industrial
Crow Holdings lands third tenant in Carteret with 146,000 sq. ft. lease with 3PL firm

Crow Holdings Development has lured another global logistics firm to its new industrial campus in Carteret, having signed a 146,000-square-foot lease with China-based YunExpress.

Industrial
Alterra expands footprint with two industrial outdoor storage deals in Gloucester County

Alterra IOS has acquired two industrial outdoor storage properties in Gloucester County, adding roughly seven acres to its growing portfolio in the asset class.