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
Hampshire sells 71,000 sq. ft. industrial building in Fairfield

The Hampshire Cos. has sold a Fairfield industrial building to a local manufacturing business, which will use the space to accommodate its growing operation.

Professional Services
Denholtz announces promotion in leasing department

A member of Denholtz Associates’ leasing team has earned her latest promotion during nearly a decade with the company.

Industrial
Denholtz sells Fairfield flex park for $30 million, C&W says

A seven-building industrial and flex complex in Fairfield has changed hands for $30 million, in a transaction arranged by brokers with Cushman & Wakefield.

Industrial
Seagis touts purchase of Secaucus industrial building

Seagis Property Group has acquired a fully leased, 80,000-square-foot warehouse and distribution facility in Secaucus, the firm announced Thursday.

Government & Public Policy
Report by business, labor groups fights back against criticism of incentives

Amid growing criticism of the state’s incentive programs, a group of prominent business and labor associations are aiming to set the record straight in Trenton.

Industrial
Company inks sale-leaseback for 8A distribution center, C&W says

A clothing manufacturer has sold and leased back its nearly 320,000-square-foot distribution center in South Brunswick, in a deal arranged by Cushman & Wakefield.

Industrial
Woodbridge industrial building sells for $18.6 million, CBRE says

An investment group based in Los Angeles has acquired a 133,032-square-foot industrial building in Woodbridge, in an $18.6 million deal arranged by CBRE.

Editor’s Note
Editor’s note: Mastering the middle

Even before I started covering commercial real estate full-time, I still came across development stories during my earlier days as a metro reporter in Central Jersey. One of those stories came when I was covering Bound Brook, a borough in Somerset County that had a tired downtown and a history of being battered by flooding from the Raritan River. But in early 2011, we learned that a developer named George Capodagli was interested in building the type of new apartments that were starting to crop up elsewhere in the state.

Industrial
Bridge details 1.7 million sq. ft. industrial project in Somerset, efforts to restock N.J. pipeline

Bridge Development Partners is planning a three-building, 1.7 million-square-foot industrial complex in Somerset County after acquiring parcels from two separate sellers, part of an effort to refill its pipeline in New Jersey after a blockbuster portfolio sale last year.

Industrial
C&W named leasing agent for 3.3 million sq. ft. logistics campus in Logan Township

A joint venture has picked Cushman & Wakefield as its leasing agent for more than 3 million square feet of planned warehouse and distribution space in Gloucester County.