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
Dresdner Robin details food distributor expansion project in Hunts Point

A design and engineering team based in Jersey City has completed its work on a $25 million, 110,000-square-foot expansion of a food company’s facility in the South Bronx.

Industrial
Hampshire, Circle Squared unveil new self-storage project in Millburn

The Hampshire Cos. has debuted the latest piece of its ever-growing self-storage pipeline — unveiling a 104,260-square-foot facility in Millburn alongside Circle Squared Alternative Investments and other members of the project team.

Industrial
Lighting, sound equipment firm takes 40,000 sq. ft. in Bayonne

A lighting and sound equipment company is consolidating two locations into a 40,000-square-foot space in Bayonne, following a transaction arranged by Team Resources Inc.

Industrial
Manalapan flex park trades for $8.6 million

A developer has sold a nine-building, 84,000-square-foot industrial and flex park in Manalapan, in a nearly $8.6 million deal announced by CBRE.

Industrial
REIT buys FedEx Ground facility in Trenton for $85.3 million

A real estate investment trust has added to its portfolio in central New Jersey, acquiring a 347,145-square-foot industrial property in Trenton for more than $85 million.

Professional Services
JLL senior VP named head of project, development services in N.J.

JLL has named a new head of project and development services in New Jersey.

Finance & Capital Markets
Developer lands $19.5 million loan for 306,000 sq. ft. industrial project, CBRE says

CBRE has secured a $19.5 million loan for a fully leased, 306,000-square-foot industrial building that will soon be completed in South Brunswick.

Industrial
Saddleback touts three new industrial leases

Saddleback Real Estate Developers has inked three new leases at industrial properties in northern New Jersey.

Industrial
Colliers: E-commerce firm expands, takes 341,000 sq. ft. in Jersey City

An online furniture and home décor seller has more than doubled its footprint in New Jersey, leasing 341,000 square feet at a Jersey City industrial building.

Government & Public Policy
State honors three projects with housing, economic development awards

The state has doled out its annual Governor’s Excellence in Housing and Economic Development Awards, recognizing three well-known projects in northern and central New Jersey.