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.

Washington preps for divided government in 2019: New Jersey may benefit

A newly elected Congress returns in January with Republicans enjoying a slightly expanded majority in the Senate and Democrats taking charge of the House of Representatives for the first time since 2010. I believe that the shift of power in the House to a Democratic majority has opened some opportunities for those of us in New Jersey commercial real estate.

Brooklyn electrical contractor buys Paterson building for $7.8 million

An electrical contractor is expanding into New Jersey with its purchase of a Paterson industrial building, under a $7.8 million deal arranged by Team Resources Inc.

REIT acquires Moorestown warehouse for $13.6 million

A real estate investment trust has acquired a newly updated, 209,000-square-foot industrial property in Moorestown, in a $13.55 million sale brokered by NAI Mertz.

C&W named leasing agent at massive former Toys R Us complex in Mount Olive

The owners of a 1.43 million-square-foot industrial complex in Mount Olive, a former Toys R Us distribution center, have tapped Cushman & Wakefield as its leasing agent.

NAI Hanson: E-commerce user takes 46,000 sq. ft. in Newark

An e-commerce company has leased more than 46,000 square feet at a Newark industrial building, brokers with NAI James E. Hanson announced this week.

Residential & Mixed Use

Harrison development site fetches $14.5 million, CBRE says

An industrial user has sold a former warehouse site and a vacant lot in Harrison, paving the way for another addition to the town’s waterfront redevelopment area.

Banaszynski steps down as Heller president

Brian Banaszynski, the president of Heller Industrial Parks for the past five years, has left the Edison-based company.

Food distributor takes 125,000 sq. ft. at Duke project in Wood-Ridge

Duke Realty Corp. has preleased two-thirds of a new warehouse in Wood-Ridge, inking a nearly 125,000-square-foot lease with a specialty food distributor.

Finance & Capital Markets

Investors Bank touts $219 million in new commercial, multifamily loans

Investors Bank has inked a $36 million loan for a 144,000-square-foot warehouse in Elizabeth, the largest among 10 recent closings announced by the lender.

Professional Services

NAI Hanson hires new associate in Parsippany

NAI James E. Hanson has added to the sales team in its Parsippany office.