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.

Events
ULI highlights top New Jersey CRE projects, industry leaders at awards dinner

The Urban Land Institute honored a dozen commercial real estate projects and industry leaders last week as part of an annual awards dinner hosted by its northern New Jersey chapter.

Industrial
Rockefeller, HVAC provider ink 155,000 sq. ft. lease in Piscataway

Rockefeller Group and PCCP LLC have filled a second building at their planned 2.1 million-square-foot industrial park in Piscataway, signing a 155,000-square-foot lease with a maker of ductless heating and cooling products.

Finance & Capital Markets
Wilcox inks $17.6 million loan for 8A warehouse

G.S. Wilcox & Co. has brokered $17.6 million in financing for the owner of a nearly 341,000-square-foot industrial building in the Exit 8A submarket.

Industrial
Electrical supplier takes 9,300 sq. ft. in Bergenfield

An electrical supply wholesaler has leased more than 9,000 square feet at a flex industrial building in Bergenfield, under a recent transaction announced by NIA National Realty.

Industrial
New Jersey industrial sales top $900 million in Q3, NAI Hanson says

Investors have stayed bullish on New Jersey’s industrial market, driving more than $900 million in sales volume during the third quarter for warehouse and logistics space in the region.

Industrial
C&W adds 2.2 million sq. ft. to New Jersey asset management portfolio

Cushman & Wakefield has added more than 2.2 million square feet to its New Jersey property management assignments, thanks to continued demand from both industrial tenants and investors.

Finance & Capital Markets
Avison Young touts lease-up, $21 million refinance at upgraded flex building

The owners of a 114,200-square-foot flex industrial building in Bergen County have leased up the property and refinanced for $21.1 million, following a series of transactions arranged by Avison Young.

Professional Services
Dresdner Robin details food distributor expansion project in Hunts Point

A design and engineering team based in Jersey City has completed its work on a $25 million, 110,000-square-foot expansion of a food company’s facility in the South Bronx.

Industrial
Hampshire, Circle Squared unveil new self-storage project in Millburn

The Hampshire Cos. has debuted the latest piece of its ever-growing self-storage pipeline — unveiling a 104,260-square-foot facility in Millburn alongside Circle Squared Alternative Investments and other members of the project team.

Industrial
Lighting, sound equipment firm takes 40,000 sq. ft. in Bayonne

A lighting and sound equipment company is consolidating two locations into a 40,000-square-foot space in Bayonne, following a transaction arranged by Team Resources Inc.