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
Zimmel inks industrial sales in Clark, Somerset

Two Central Jersey industrial buildings have changed hands for a combined $6.7 million, in a set of transactions arranged by Zimmel Associates.

Industrial
Manufacturers trade 88,000 sq. ft. Piscataway building, C&W says

A manufacturer has passed on its 88,000-square-foot building in Piscataway to another industrial user, following a sale brokered by Cushman & Wakefield.

Industrial
After a decade of success, Dermody begins final phase of Logan Township industrial park

Dermody Properties’ 1,100-acre logistics park in Logan Township has attracted a long list of well-known users over more than decade. And the firm is now set to enter its last phase of development — breaking ground on two buildings that will add another 563,000 square feet to the portfolio.

Industrial
Saddleback set to upgrade newly acquired, 73,000 sq. ft. Mount Olive property

Saddleback Real Estate Developers has acquired a 73,000-square-foot industrial building in Mount Olive and is now planning a total rehabilitation of the property.

Industrial
Manufacturer takes 50,000 sq. ft. in Monroe, BRC says

A maker of bathroom furniture has leased nearly 50,000 square feet at a Monroe industrial building, in a transaction arranged by Bussel Realty Corp.

Residential & Mixed Use
Garwood industrial site sold, slated for redevelopment, NAI DiLeo-Bram says

The owner of a 120,000-square-foot industrial building in Garwood has sold the property, paving the way for a potential redevelopment just steps from the borough’s train station.

Professional Services
Two new hires bolster NAI Hanson property management team

NAI James E. Hanson has expanded its property management team with two of its newest hires.

Industrial
Meadowlands industrial building coming in early 2019, Duke says

Duke Realty is set to begin construction on a new 194,000-square-foot industrial building in the Meadowlands, with delivery slated for early next year.

Policy Page
Logistics, workforce could help Jersey weather next downturn

With the incredible growth of this sector in recent years, could logistics help make New Jersey cliff-proof? I think so, but only if we take steps to address serious workforce challenges, especially those related to affordability and accessible transportation. With the increasing likelihood of a recession in 2020, we need to act now. The importance of the port region to New Jersey’s economy cannot be overstated, and continued investment is critical. We also need to solve the “last mile” conundrum that presents transportation and lifestyle challenges.

Industrial
C&W details moving startup’s 450,000 sq. ft. industrial lease in South Brunswick

A storage and moving services provider is slated for a late summer move-in at a new 450,000-square-foot distribution center in South Brunswick, following a deal arranged by Cushman & Wakefield.