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.

Finance & Capital Markets
PGIM lends $103 million for Pennsauken industrial portfolio deal

PGIM Real Estate has provided $103 million in fixed-rate financing to the buyer of more than 1 million square feet of industrial space in Pennsauken.

Policy Page
Hospitality: A real game changer — it all comes down to people

In prepping for this piece, I reviewed the 72 articles I wrote since 2017 to identify common themes. Unsurprisingly, the common denominator was the crucial need to change how we do business with the end goal of improving people’s lives for a simpler and better quality of life — one that is less taxing and costly and more efficient and effective.

Government & Public Policy
Solar Landscape, Sudler mark completion of rooftop community solar project in Piscataway

A new rooftop solar project at a Piscataway warehouse is now complete after being connected to the grid, allowing it to provide discounted energy to nearly 300 households in the area.

Industrial
Seagis completes new 8,700 sq. ft. lease at Carteret industrial building, BRC says

Seagis Property Group has secured a new tenant after leasing nearly 8,700 square feet at a Carteret industrial building, brokers with Bussel Realty Corp. announced this week.

Industrial
Boutique advisory firm Branch Industrial launches with offices in Teaneck, Manhattan

A new boutique advisory firm for industrial real estate has opened its doors, with a focus on sourcing institutional capital and private equity for deals in New Jersey and nationally.

Industrial
NAI Hanson named leasing agent for 716,000 sq. ft. Newark industrial complex

Global real estate firm Hines has tapped NAI James E. Hanson as its leasing agent for more than 700,000 square feet of industrial space in Newark’s Ironbound section.

Events
Alfred Sanzari Enterprises hosts more than 550 at Glenpointe, marks 78 years in real estate

Alfred Sanzari Enterprises is celebrating nearly eight decades in commercial real estate, a legacy that was on display recently as the firm welcomed a crowd of hundreds to its flagship campus Glenpointe campus in Teaneck.

Industrial
Industrial vacancy drifts upward in New Jersey amid new construction, ‘normalized’ demand

Vacancy in New Jersey’s booming industrial market has ticked upward, thanks to a flurry of new construction and a return to what experts describe as normalized demand levels.

Professional Services
Bowman taps Sylvester as vice president of New Jersey operations, eyeing continued growth

Bowman Consulting Group Ltd. has hired industry veteran and brownfield development expert Michael Sylvester as its vice president of New Jersey operations.

Deals
NAI Mertz inks new lease in Pennsylvania for growing badminton, table tennis business

A badminton and table tennis club has leased space in Pennsylvania’s Bucks County, about 45 miles west of New Jersey, in a deal arranged by NAI Mertz.