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.

People
Saxum’s Lizza earns promotion to development director

Saxum Real Estate has promoted David Lizza to development director, touting his role in some of the firm’s largest industrial projects in key markets.

Industrial
DeSapio buys 12,000 sq. ft. flex building in Fairfield for $3 million, Deluccia says

A real estate firm has acquired a 12,000-square-foot flex industrial building in Fairfield for $3 million, in a newly announced deal by Deluccia Commercial Group.

Top News
JLL: Long Island office building is ‘ripe for redevelopment’ as industrial, multifamily

JLL’s Morristown-based investment sales team is marketing another potential redevelopment site at an aging office property, this time in the Long Island community of Melville.

Industrial
Ridgecut Road plans upgrades to newly acquired Linden industrial outdoor storage property

Ridgecut Road has purchased a 1.7-acre industrial outdoor storage parcel in Linden, with plans to attract a new tenant after upgrading a 17,000-square-foot building on the property.

Industrial
STRO, KRE add 43,000 sq. ft. in Florida with new industrial sale-leaseback deal

The STRO Cos. and KRE Group have signed a new sale-leaseback deal for two buildings in Florida, adding more than 43,000 square feet to their fast-growing portfolio in the state.

Events
Milanaik to receive lifetime achievement award as NAIOP honors top CRE deals, professionals

Esteemed developer Jeff Milanaik will headline this year’s NAIOP New Jersey Commercial Real Estate Awards Gala, where the association will also unveil its coveted Deal of the Year winners while honoring several other key figures and service providers.

Industrial
Yahee Technologies takes 154,000 sq. ft. in Cranbury in one of two NAIDB industrial deals

An industrial user has leased a 154,000-square-foot building at a Prologis-owned campus in Cranbury, in one of two newly announced deals by NAI DiLeo-Bram & Co.

Industrial
Taconic acquires 360,000 sq. ft. North Brunswick industrial building for $74 million

Taconic Partners has added its second New Jersey industrial building with the purchase of a fully leased, 360,000-square-foot facility in North Brunswick for $74.3 million.

People
Lange joins Hampshire as chief financial officer

The Hampshire Cos. has named Carolyn Lange as its new chief financial officer, the Morristown-based real estate investment and development firm announced Tuesday.

Industrial
WCRE: South Jersey plumbing, HVAC business buys 10,000 sq. ft. Camden warehouse

A plumbing and HVAC business has acquired a 10,000-square-foot industrial property in Camden, in a newly announced deal by Wolf Commercial Real Estate.