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.

Industrial
Bridge acquires I-78 industrial site with approvals for 3.8 million sq. ft.

Bridge Development Partners has acquired the rights to build nearly 4 million square feet of industrial space near Interstate 78, following its $43 million purchase of a sprawling development site in Warren County.

Government & Public Policy
Developer’s car will serve as backdrop for CRE industry during Walk to Washington

In just two weeks, hundreds of business and political leaders will board a southbound Amtrak train as part of the New Jersey Chamber of Commerce’s annual Walk to Washington. And you can bet that the state’s commercial real estate sector will be well-represented.

Industrial
EDA: Foot care company weighs move to Elizabeth from Brooklyn

The state has approved a 10-year, $2.75 million tax credit to encourage a Brooklyn-based foot care company to move a major part of its operation to Elizabeth.

Industrial
New 290,000 sq. ft. industrial project underway in Newark

Construction is underway on a new 290,000-square-foot distribution center project just outside Port Newark-Elizabeth, according to brokers with CBRE who are marketing the property.

Industrial
Ridgefield building sells for $9 million, Marcus & Millichap says

A private investor has acquired a nearly 82,000-square-foot industrial complex in Ridgefield, in a $9 million sale brokered by Marcus & Millichap.

Professional Services
Military veteran is newest hire for Vantage RES

A former U.S. marine has joined Vantage Real Estate Services as its director of strategic partnerships, the Marlton-based firm announced Friday.

People
Contractor, developer names new senior project manager

Donnelly Construction has promoted a longtime employee to senior project manager, the Wayne-based general contractor and developer announced Friday.

Finance & Capital Markets
Building on their brands: Touhey has helped drive Investors’ growth in central, southern N.J.

Investors Bank’s expansion into central and southern New Jersey and neighboring states has been key to its growth during that time, with Tim Touhey’s team having originated more than $3.4 billion in loans.

Industrial
Upgrades coming to Somerset flex park after $9.2 million refi

Denholtz Associates has secured a $9.2 million loan to refinance and upgrade an 11-building, 264,000-square-foot flex industrial portfolio in Somerset County, the firm said Thursday.

Office
Kearny Point welcomes U.S. headquarters for amplifier company

An Italy-based maker of amplifiers has opened its U.S. headquarters at Kearny Point, the 130-acre complex that is being redeveloped as a mixed-use business and technology campus.