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
Sea salt products business takes 11,000 sq. ft. in Hackettstown

A sea salt products company has leased more than 11,000 square feet of industrial space in Hackettstown, brokers with Team Resources Inc. announced recently.

Industrial
Zimmel: Investors pay $10.5 million for Jersey City industrial building

An investment group has acquired a 105,000-square-foot industrial building off Interstate 78 in Jersey City, under a $10.5 million deal announced this week by Zimmel Associates.

Industrial
Investors acquire 570,000 sq. ft. Edison warehouse

A joint venture has acquired a fully leased, 570,000-square-foot industrial building in Edison for what was reported to be more than $80 million.

Sponsored Content
Logistics users scramble for quality space

A drought in modern space options is rippling through the New Jersey Industrial market, creating challenges for logistics users while providing opportunities for developers. Class A availability has fallen to cycle lows of 5.5 percent, a far cry from last cycle’s peak when Class A availability reached 27.5 percent.

Industrial
Distribution firm takes 29,000 sq. ft. in Moorestown, NAI Mertz says

A global distribution company has leased 29,000 square feet at a Moorestown industrial building, bringing the property to 100 percent occupancy.

Industrial
Advance, Greek detail plans for 4.1 million sq. ft. industrial park in Linden

Advance Realty and Greek Development have taken the wraps off their plans for a new 4.1 million-square-foot logistics park in Linden, in what they say is the largest planned industrial development in the Port of New York and New Jersey region.

Industrial
Harrison warehouse user renews for 21,000 sq. ft., Team Resources says

A storage, logistics and fabrication shop serving the entertainment industry has renewed its 21,000-square-foot lease in Harrison, in a deal arranged by Team Resources Inc.

Industrial
WRE: Brooklyn publisher set to buy Rahway building, expand into New Jersey

A large Brooklyn-based publishing company is expanding into New Jersey with the planned acquisition of a 256,000-square-foot building in Rahway, thanks in large part to a 10-year, $8.25 million tax credit package from the state Economic Development Authority.

Industrial
Denholtz, MB1 sell L’Oréal R&D headquarters complex for $16 million

Denholtz Associates has sold the 108,000-square-foot headquarters of L’Oréal’s North American R&D division in Clark, in a nearly $16 million deal arranged by Newmark Knight Frank.

Government & Public Policy
EDA: Delivery startup weighing 300,000 sq. ft. facility in South Jersey

State officials have offered a 10-year, $39 million tax credit package to encourage an online delivery startup to open a nearly 300,000-square-foot facility in Gloucester County.