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.

Top News
Rutgers reveals latest group of advisers, emerging leaders for real estate program

The Center for Real Estate at Rutgers Business School has unveiled this year’s group of board members and industry leaders that will guide the program and its students.

Industrial
Prologis, pet products company ink 112,000 sq. ft. Meadowlands lease

A pet retailer is moving within the Meadowlands as part of a new 112,000-square-foot lease with Prologis, in a deal announced Monday by Team Resources Inc.

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.