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.

Retail
Experts: Supreme Court’s ‘Wayfair’ ruling will have broader impact on taxes than real estate

A recent ruling by the U.S. Supreme Court will likely raise the cost of some online sales and provide an infusion of revenue for New Jersey’s state coffers, but its impact on commercial real estate may be limited.

Industrial
NAI Hanson: E-commerce firm takes 40,000 sq. ft. in Meadowlands

An e-commerce company is moving within Bergen County to a newly renovated, 40,000-square-foot building in Carlstadt, brokers with NAI James E. Hanson announced.

Professional Services
C&W announces 15 broker promotions in New Jersey

Cushman & Wakefield has named two new executive vice chairmen in New Jersey, part of 15 newly announced broker promotions in the firm’s three offices in the state.

Industrial
Team Resources inks new industrial deals in Bergen, Passaic counties

A plastics and packaging company has renewed its 83,000-square-foot lease in Wood-Ridge, in one of several deals announced last week by Team Resources Inc.

Industrial
Sitex names new vice president

Sitex Group has promoted a senior associate to vice president, allowing him to take on a larger role in both development and acquisitions for the Englewood-based firm.

Industrial
C&W: Clutter.com, logistics firm among top Q2 deals in tight N.J. industrial market

Industrial tenants leased about 5.5 million square feet in northern and central New Jersey during the second quarter, a new report finds, as vacancy continues to drop to historic lows.

Industrial
REIT buys 260,000 sq. ft. cold storage facility in Perth Amboy, HFF says

A real estate investment trust has acquired a 260,046-square-foot, triple net leased Preferred Freezer Services facility in Perth Amboy, brokers with HFF said Monday.

Industrial
CBRE: Secaucus flex building inks six leases for 105,000 sq. ft.

Six tenants have signed new leases to fill nearly half of a two-building, 242,000-square-foot flex property in Secaucus, brokers with CBRE announced.

Industrial
Mertz brokers 112,000 sq. ft. industrial sale in Mount Laurel

First Industrial Realty Trust has sold a 112,000-square-foot property in Mount Laurel, in a transaction brokered by NAI Mertz.

Professional Services
Environmental firm touts milestone in N.J. cleanup program

A Hoboken-based firm is nearing a milestone in the state’s Licensed Site Remediation Professional program, having closed nearly 150 cases under the six-year-old guidelines.