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
Rockefeller breaks ground on 900,000 sq. ft. spec distribution center in Edison

Rockefeller Group has started construction on a 900,022-square-foot distribution center in Edison, where it is redeveloping the former site of an ExxonMobil research campus.

Industrial
RHS Group adds 160,000 sq. ft. industrial asset in Linden

An investment firm has acquired a 160,000-square-foot light industrial building in Linden, with plans to upgrade the property in line with its value-add strategy.

Industrial
Sign company takes 20,000 sq. ft. in South Plainfield

A provider of sign products and services has leased 20,000 square feet of industrial space in South Plainfield, Team Resources Inc. announced Friday.

Industrial
New 416,000 sq. ft. industrial project in Kearny slated for early 2020 delivery

CBRE is detailing plans for a new 415,533-square-foot industrial building under construction in Kearny, where it is serving as the leasing agent on behalf of Seagis Property Group LP.

Industrial
Hampshire sells 1.3 million sq. ft. industrial portfolio, CBRE says

The Hampshire Cos. has sold a 30-building, 1.3 million-square-foot industrial portfolio in New Jersey to Colony Industrial, in a newly announced transaction by CBRE.

Industrial
Online fashion reseller takes 105,000 sq. ft. at revamped Moonachie building

An online market for preowned fashion accessories is leasing more than 100,000 square feet of industrial space in Moonachie, under a recent transaction with EverWest Real Estate Investors.

Finance & Capital Markets
NYL inks $60.2 million mortgage for Hartz industrial portfolio

Hartz Mountain Industries has landed a $60.2 million loan from New York Life Real Estate Investors for a five-building, 613,726-square-foot industrial portfolio in three municipalities.

Industrial
Wine importer, distributor takes 100,000 sq. ft. in Bergen County

A wine importer and distributor has leased more than 100,000 square feet of industrial space in Northvale, in a newly announced transaction by Team Resources Inc.

Professional Services
Diversity, inclusion programs have become critical to real estate services firms

Commercial real estate services firms have increasingly sought to provide networking, mentorship and team-building resources available to their professionals within their ranks, aiming to stay competitive as employers and better promote diversity and inclusion.

Industrial
Equity investor adds 67,000 sq. ft. flex industrial building in Parsippany

A private equity firm has acquired a nearly 70,000-square-foot industrial flex building in Parsippany, under a newly announced transaction by NAI James E. Hanson.