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.

Photos
MCEDC honors real estate deals, business leaders at annual luncheon (SLIDESHOW)

The Morris County Economic Development Corp. recently hosted its 26th annual Partners in Economic Development Awards Luncheon, in an event that recognized several high-profile real estate deals in the county from the past year.

Professional Services
IOREBA panel gauges investor demand for N.J. industrial, office space

Officers of IOREBA joined panelists at the dais for the organization’s annual Developer Night, which drew hundreds of industry leaders to the Teaneck Marriott at Glenpointe. — Courtesy: William Neumann Photography By Joshua Burd Sellers of high-end office and industrial…

Policy Page
Collaborative deals: The new norm in Jersey

In listening to the presentations by the eight finalists for NAIOP’s annual Deal of the Year competition, what struck me most was the collaborative nature and level of cooperation that is taking place among all the participants in both the public and private sectors. It wasn’t always this way.

Industrial
LMC: Shoe wholesaler inks 103,000 sq. ft. industrial lease in Piscataway

A shoe wholesaler has signed a full-building lease for a 103,350-square-foot warehouse in Piscataway, representatives with Levin Management Corp. said Wednesday.

Professional Services
Industry veteran joins NAI Hanson as VP

NAI James E. Hanson has continued its recent expansion with the hiring of a new vice president.

Professional Services
Weiss highlights banner year in sales, leasing activity

Brokerage firm Weiss Realty is touting a year in which it completed nearly 40,000 square feet of leasing, along with property sales totaling more than $35 million in value.

Industrial
Self-storage building in Totowa sells for $19.5 million

Tulfra Real Estate and The Hampshire Cos. have sold a 91,000-square-foot self-storage facility in Totowa for $19.5 million, touting it as a sign of growing demand for the asset class.

Industrial
Cabinet business acquires piece of ex-Montblanc pen factory, HQ

A cabinet maker is set to take over a portion of the former Montblanc pens factory and headquarters in Hunterdon County, following a sale brokered by Charity Realty International LLC. 

Industrial
Manufacturer inks 16,000 sq. ft. lease in Somerville, BRC says

A maker of architectural moldings has leased 16,000 square feet at a Somerville industrial building, brokers with Bussel Realty Corp. said recently.

People
New hire will help Hollister navigate a promising trajectory

By Joshua Burd As one of the state’s fastest-growing firms, Hollister Construction Services has bolstered its team with an executive who is well-versed in managing large-scale construction portfolios. The Parsippany-based firm has hired Christopher Cestone as its new vice president…