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
Stro acquires 55,000 sq. ft. industrial portfolio in Clifton

The Stro Cos. has added to its holdings in Clifton with the acquisition of a two-building, 55,000-square-foot portfolio in the city.

Events
NAIOP unveils 2019 gala honorees, installs new chapter president

NAIOP New Jersey will honor two of the industry’s top players in capital markets and commercial mortgage banking as part of its annual awards gala this spring, where it will also recognize a pair of influential developers and one of the state’s longest-serving mayors.

Industrial
Hampshire details plans for self-storage facility at historic Elizabeth building

A historic armory building in downtown Elizabeth is primed to become a new self-storage facility, under an adaptive reuse plan announced Thursday by The Hampshire Cos.

Industrial
HFF: Avidan, Elberon add 135,000 sq. ft. warehouse in Jersey City

A joint venture has acquired a vacant, 134,500-square-foot warehouse just off the New Jersey Turnpike extension in Jersey City, in a newly announced transaction by HFF.

Industrial
NAI Hanson: HVACR wholesaler takes 13,600 sq. ft. in Cranbury

A heating and cooling supply wholesaler is expanding its footprint in New Jersey with a new 13,600-square-foot lease in Cranbury, real estate services firm NAI James E. Hanson said.

Industrial
BRC: Distributor signs 41,000 sq. ft. industrial lease in Somerset

A distributor has taken 41,000 square feet of industrial space in the Somerset section of Franklin, in a transaction arranged by Bussel Realty Corp.

Industrial
Team Resources inks 121,000 sq. ft. lease in Mahwah among Q4 deals

A maker of lab supplies has leased 121,000 square feet at a Mahwah industrial building, in one of several year-end deals announced by Team Resources Inc.

Industrial
Wine importer renews at 18,000 sq. ft. HQ, warehouse in Mount Laurel

A wine importer has renewed its nearly 18,000-square-foot lease in Mount Laurel, following a transaction arranged by Rose Commercial Real Estate.

Policy Page
Incentives are investments that build over time

Gov. Phil Murphy’s economic vision calls for a State of Innovation that builds a stronger and fairer economy in New Jersey and sets goals related to faster job growth, faster median wage growth, increased venture capital investment, closing the racial and gender wage employment gaps and encouraging thriving urban centers. These are laudable goals and I believe we will get there, if we are careful in how we invest our scarce financial resources, which include incentives for the workforce so desperately needed and the targeted industries that generate the jobs required to help achieve these goals.

Industrial
EDA: Wholesaler buys Passaic warehouse, expands from Brooklyn

A building maintenance supplies wholesaler is relocating most of its operations from Brooklyn to Passaic, where it recently acquired a nearly 11,000-square-foot warehouse.