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.

Event Coverage
‘A changing industry’ in focus as NAIOP gala honors CRE leaders, deals of the year

A crowd of more than 800 turned out Thursday for NAIOP New Jersey’s 31st annual commercial real estate awards gala, where the organization honored some of the industry’s top executives and unveiled its coveted Deal of the Year Awards.

Industrial
Sheldon Gross touts 41,000 sq. ft. renewal with flooring company

A flooring company has renewed its lease at a nearly 80,000-square-foot building in Fairfield, in a transaction managed by Sheldon Gross Realty.

Industrial
Rockaway industrial building sells for $4.25 million, Newmark says

A private investor has acquired a 38,700-square-foot industrial building in Rockaway for $4.25 million, in a recent 1031 exchange arranged by Newmark Associates.

Photos
SLIDESHOW: Jon Hanson’s induction to the New Jersey Hall of Fame

The New Jersey Hall of Fame recently inducted its 2017 class, which included Jon F. Hanson of The Hampshire Cos., during a star-studded event in Asbury Park.

Industrial
JLL: Joint venture, logistics firm ink full-building lease in South Brunswick

A logistics firm has leased 369,000 square feet at a South Brunswick industrial building, in a deal announced this week by JLL.

Events
Hanson inducted into New Jersey Hall of Fame

Jon F. Hanson, the revered founder of The Hampshire Cos., was among those inducted Sunday night into the New Jersey Hall of Fame, joining nearly two dozen business leaders, entertainers, public servants and others who made up the organization’s 2017 class.

Industrial
CBRE touts $1.5 million industrial sale in Hackettstown

An industrial building in Hackettstown has changed hands for $1.5 million, following an investment sale announced Thursday by CBRE.

Finance & Capital Markets
Wilcox brokers $27 million loan for Central Jersey industrial owner

G.S. Wilcox & Co. has arranged $27.2 million in financing for a three-building industrial portfolio in central New Jersey, the commercial mortgage banking firm said.

Industrial
HFF sources $37 million loan for Secaucus industrial project

The developer of a newly built, two-building industrial complex in Secaucus has secured nearly $37 million in permanent financing, according to brokers with HFF who arranged the loan.

Industrial
Onyx, JLL unveil plans for office-to-industrial redevelopment in Mahwah

Onyx Equities is moving ahead with plans to raze an obsolete, 1960s office building in Mahwah and redevelop the site as a new 120,000-square-foot industrial building.