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.

Professional Services
GH&C adds to real estate group with another hire

Giordano, Halleran & Ciesla has made another addition to its commercial real estate practice.

Finance & Capital Markets
Procida fund tops $500 million in loan originations

A fund operated by Procida Funding has surpassed $500 million in loan originations, following the recent closing of a $38 million loan for a higher education project.

Industrial
Team Resources touts new deals in Newark, Jersey City

Team Resources Inc. has completed a 10,050-square-foot industrial lease in Newark, one of two new transactions announced by the Lyndhurst-based firm.

Industrial
Tax credit fuels 492,000 sq. ft. lease with Prologis, online consignment shop

Prologis and an online luxury consignment shop have signed a lease for more than 490,000 square feet in Perth Amboy, following the approval of a 10-year, $38.9 million tax credit package to help the retailer establish a new Northeast fulfillment center.

Industrial
Silverman acquires 41,000 sq. ft. Somerset building, JLL says

The Silverman Group has acquired a 41,000-square-foot warehouse and office building in the Somerset section of Franklin, in a $3.6 million deal arranged by JLL.

Industrial
CBRE: New Jersey workforce grows amid rising industrial, logistics demand

New Jersey’s transportation and warehousing workforce is on the rise, putting the state in position to remain attractive to the ever-growing e-commerce and logistics sectors.

Professional Services
Purchasing manager is among newest hires for Hollister

Hollister Construction Services has made another addition to its team with the hiring of a new purchasing manager.

Industrial
JLL: Developers break ground on 203,000 sq. ft. industrial building in South Brunswick

A joint venture has broken ground on more than 200,000 square feet of new industrial space in South Brunswick, according to brokers with JLL who helped orchestrate the project.

Government & Public Policy
EDA: Consignment startup eyes 492,000 sq. ft. fulfillment center in Perth Amboy

State officials have approved a 10-year, $38.9 million tax credit package to encourage an online luxury consignment shop to open a nearly 500,000-square-foot fulfillment center in Perth Amboy, where it says it would hire close to 800 employees.

Industrial
Clothing maker weighs 113,000 sq. ft. lease in Kearny

A three-year-old clothing manufacturer could be joining the sprawling Kearny Point redevelopment, following the approval of a 10-year, $37.2 million incentive to support a new 113,000-square-foot facility at the complex.