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.

Editor’s Note

Redrawing the map for industrial

As you’ll find out in this month’s cover story, developers and brokers that have long focused on New Jersey are now stretching beyond the traditional boundaries of the state’s industrial market. And they are stretching them in every direction — for different reasons — in their quest to keep pace with tenants that are adopting a more regional approach.

Professional Services

Cresa touts growth in New Jersey, with five new hires and more to come

Cresa, the largest tenant-only commercial real estate brokerage, has expanded its team in New Jersey with five new hires over the past year and plans to continue hiring in the months ahead.

Team Resources touts 190,000 sq. ft. industrial lease in Jersey City

A home décor retailer has leased 190,000 square feet at a Jersey City industrial building, in one of several recent transactions announced by Team Resources Inc.

TIAA sells 617,000-square-foot Amazon distribution center for $147 million

An institutional investor has paid more than $147 million to acquire a 617,000-square-foot Amazon fulfillment center in Teterboro.

Finance & Capital Markets

HFF brokers another loan for South Jersey warehouse investor

HFF has arranged new financing for an investor’s purchase of a 112,000-square-foot industrial building in Mount Laurel.

What infrastructure improvements does New Jersey need to support development for the next 20 years?

What infrastructure improvements does New Jersey need to support development for the next 20 years? We assembled a panel of industry experts to tackle this month’s question.

Professional Services

Mertz broker promoted to senior VP

NAI Mertz has promoted one of its longtime industrial brokers to senior vice president, the Mount Laurel-based real estate services firm announced.

Calif. logistics firm buys Hunterdon warehouse, C&W says

A logistics company from Southern California is expanding into New Jersey with its purchase of a 30,000-square-foot warehouse in Hunterdon County.

Sudler inks two big-box industrial deals at former office site in Cranbury

The Sudler Cos. is hailing the success of a high-profile redevelopment project in Cranbury, where it has leased two new industrial buildings totaling 758,000 square feet at the former site of a large office complex.

Edison warehouse draws 57,000 sq. ft. freezer lease, CBRE says

A frozen foods company has joined the roster at an Edison industrial building after signing a lease for nearly 57,000 square feet, brokers with CBRE announced Thursday.