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
CenterPoint, snack maker ink 73,000 sq. ft. expansion in Somerset

A snack maker has signed a 15-year lease extension at its facility in Somerset County, paving the way for a nearly 73,000-square-foot expansion by landlord CenterPoint Properties.

Industrial
Bridge unveils plan for new 125,000 sq. ft. industrial project in Edison

Bridge Development Partners has completed its acquisition of a nearly 7.5-acre parcel in Edison, where it plans to build a new 124,560-square foot industrial facility.

Professional Services
Past meets present at NAI Hanson’s long-awaited new headquarters in Teterboro (SLIDESHOW)

NAI James E. Hanson opened its new 17,000-square-foot headquarters in Teterboro last fall, honoring its past while creating a modern workplace for its brokers, property managers and other employees.

Industrial
Stro acquires 83,000 sq. ft. industrial complex in Hackensack

The Stro Cos. has expanded its industrial holdings with the addition of a two-building, 83,000-square-foot portfolio in Hackensack.

Professional Services
Energy management software firm launches procurement platform

A software developer that helps landlords manage their energy costs has unveiled a new tool aimed at streamlining procurement, seeking to find additional savings for building owners.

Industrial
The RealReal opens 490,000 sq. ft. e-commerce center in Perth Amboy

An online luxury consignment shop has officially added to its footprint in New Jersey, marking the opening of its nearly 500,000-square-foot distribution center in Perth Amboy.

Industrial
BRC: Moving, storage company takes 17,500 sq. ft. in Linden

A moving and storage business has leased 17,500 square feet at a Linden industrial building, under a newly announced transaction by Bussel Realty Corp.

Industrial
NKF: Buyer of Meadowlands office site plans industrial redevelopment

The site of a Lyndhurst office complex is slated for redevelopment as a new 110,000-square-foot industrial building, following a recent transaction by Newmark Knight Frank.

Finance & Capital Markets
JLL inks $11 million refi for 157,000 sq. ft. corporate park in Closter

The owner of a five-building commercial park in Bergen County has refinanced for $11 million, following a transaction arranged by brokers with JLL.

Industrial
Atlantic inks sale of 32,000 sq. ft. industrial building in Branchburg

A woodwork and furniture business has acquired a 32,120-square-foot industrial building in Branchburg, under a $3.15 million sale arranged by Atlantic Real Estate Services.