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
Bridge, DHPH detail plans for four-story distribution center in Brooklyn

Bridge Development Partners’ New Jersey-based team and DH Property Holdings have acquired an 18-acre site in Brooklyn, where they plan to develop a four-story distribution center with up to 1.3 million square feet of prime industrial space.

Industrial
Stro hires new COO, general counsel

The Stro Cos. has made a new addition to its executive leadership team to help support its quickly expanding portfolio.

Industrial
Denholtz, snack maker ink 20,300 sq. ft. industrial lease in Piscataway

A food manufacturer has relocated to a Piscataway industrial building as part of a newly announced, 20,300-square-foot lease with Denholtz Associates.

Government & Public Policy
NAIOP: Comptroller report only reinforces need for updated incentives in New Jersey

New Jersey’s use of tax incentives drew harsh criticism from a new audit by a state watchdog agency, but commercial real estate leaders say they welcome the scrutiny — and see it as a step toward updating and renewing the programs later this year.

Industrial
Tulfra, binder maker ink 68,000 sq. ft. industrial lease in West Caldwell

A binder manufacturer is moving to a newly renovated industrial building in West Caldwell as part of a newly announced, 68,000-square-foot lease with Tulfra Real Estate.

Industrial
Elberon acquires 65,000 sq. ft. Hillside warehouse, plans other deals in 2019

Elberon Development Group has acquired a 65,000-square-foot warehouse and distribution center in Hillside, the first of what could be several upcoming additions to its portfolio.

Industrial
Robbinsville warehouse trades for $13.5 million, JLL says

A national investment firm has made another addition to its New Jersey portfolio, acquiring a nearly 88,000-square-foot warehouse and manufacturing facility in Robbinsville.

Industrial
BRC touts lease-up of new flex, incubator park in South Plainfield

A newly built, 54,000-square-foot flex industrial park in South Plainfield is now fully leased after a year-long effort by Bussel Realty Corp.

Industrial
Trucking company expands, takes 15,600 sq. ft. in Hackensack

A trucking company has expanded into a second industrial building in Bergen County, following a 15,600-square-foot lease arranged by Team Resources Inc.

Industrial
Mack-Cali sells Westchester industrial park for $70 million

Mack-Cali Realty Corp. has reaped more than $70 million from the sale of a six-building industrial park in Westchester County, New York, its latest move to exit the flex warehouse business as it focuses on the Hudson waterfront in New Jersey.