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
Megaprojects: Klatskin, Milanaik detail two of New Jersey’s largest industrial developments

A pair of top industrial developers offered a glimpse at two of New Jersey’s largest warehouse and logistics projects, detailing plans that would add nearly 7 million square feet across two coveted submarkets.

Top News
Tulfra, Hampshire tout start of construction at mixed-use project in Belleville

Tulfra Real Estate and The Hampshire Cos. are nearing completion of the first piece of a 500,000-square-foot, mixed-use development at a former Roche Diagnostics site in Belleville.

Industrial
Sitex acquires 100,000 sq. ft. Meadowlands property

Sitex Group has acquired a 100,000-square-foot warehouse building in Carlstadt, one of three recent additions to its industrial portfolio in New Jersey and New York.

Industrial
Snack box maker takes 33,000 sq. ft. sublease in Carlstadt, Atlantic says

An e-commerce company focused on snack foods has taken 33,000 square feet in Carlstadt, under a newly announced sublease by Atlantic Real Estate Services.

Professional Services
NKF announces new hires in New Jersey financial reporting group

Newmark Knight Frank has bolstered its valuation and advisory practice in New Jersey with two of its newest hires.

Professional Services
Lee & Associates adds longtime N.J. property management exec

Lee & Associates has hired a veteran property management executive to help expand the firm’s practice and support its existing clients in New Jersey.

Industrial
JLL: Investors plan upgrades after acquiring 1.1 million sq. ft. Newark industrial complex

A joint venture has acquired the former Ballantine Brewery site in Newark for $61 million, adding a 1.1 million-square-foot, multitenant industrial complex in the port submarket.

Industrial
Tulfra sells 13,000 sq. ft. industrial condo in Clifton

Tulfra Real Estate has sold the final piece of an industrial condominium property in Clifton, inking a deal with an existing occupant that plans to expand within the building.

Professional Services
Transwestern eyes growth in asset management, adds senior VP

A longtime property management executive has joined Transwestern as a senior vice president based in its Florham Park office.

Industrial
Tulfra inks $10.3 million loan for Rochelle Park self-storage project

Tulfra Real Estate is on track to begin its redevelopment of a former AT&T data center site in Rochelle Park after landing a $10.3 million construction loan for a new self-storage facility.