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.

Professional Services
Voorhees site eyed for redevelopment, Vantage RES says

An area real estate firm has acquired a property along one of Voorhees’ main business corridors, with plans to demolish an existing building to make way for new development.

Industrial
Fully leased, 224,000 sq. ft. warehouse is CenterPoint’s latest N.J. purchase

CenterPoint Properties has expanded its New Jersey holdings with the addition of a 224,000-square-foot industrial building in South Brunswick, executives said Tuesday.

Industrial
Edison developer inks 80,000 sq. ft. lease with logistics firm

A logistics firm has leased more than 80,000 square feet at a newly built warehouse in Edison, developer Wick Cos. LLC announced Tuesday.

Industrial
NAI Hanson: Meadowlands primed for continued rent growth, demand

Rent growth and falling vacancy show no signs of slowing down for Meadowlands industrial space, thanks in large part to the continued flight of tenants from New York City.

Industrial
Amazon, retailers fuel Q4 industrial gains in N.J.

Retailers accounted for more than a third of all industrial gains in northern and central New Jersey at the end of 2017, according to JLL, fueling what amounted to the second-highest net absorption total of any year since the recession ended.

Industrial
Heller touts 4 million sq. ft. in 2017 activity

A distributor of industrial products has leased 90,000 square feet in Edison, in one of nearly three dozen transactions that helped Heller Industrial Parks maintain full occupancy in 2017.

Office
Local firm acquires 9,200 sq. ft. Cherry Hill building, NAI Mertz says

A nearby business will relocate to a 9,200-square-foot office and warehouse building in Cherry Hill, following a sale arranged by a broker with NAI Mertz.

Industrial
Pharma logistics firm takes 64,000 sq. ft. in S. Brunswick, Team Resources says

A logistics firm for the pharmaceutical sector has leased more than 60,000 square feet in South Brunswick, in one of three recent deals announced by Team Resources Inc.

Finance & Capital Markets
Northern New Jersey’s top 10 industrial sales of 2017, according to RCA

At least for 2017, industrial became the new darling of institutional investors. Here are the top 10 industrial sales in New Jersey of 2017, according to Real Capital Analytics.

People
Hanson to be honored as part of 2017 New Jersey Hall of Fame class

Commercial real estate magnate Jon F. Hanson will be among more than a dozen new inductees this year for the New Jersey Hall of Fame.