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

Denholtz tops 1 million sq. ft. in leasing in 2017

A mix of nearly 200 new leases and renewals helped fuel Denholtz Associates’ portfolio in 2017, allowing it to surpass 1 million square feet in activity for the second consecutive year.

Industrial

Bergen flex buildings trade in 1031 exchange, NAI Hanson says

An investor has purchased two adjacent flex industrial buildings in Saddle Brook as part of a recent 1031 exchange, brokers with NAI James E. Hanson said Wednesday.

Industrial

Longtime NAI Hanson client sells Elmwood Park flex building

A recently upgraded, 15,700-square-foot flex industrial building has changed hands in Elmwood Park, following a sale arranged late last year by NAI James E. Hanson.

Professional Services

SIOR names NAI Mertz broker as N.J. chapter president

A longtime broker with NAI Mertz has taken over as New Jersey chapter president for the Society of Industrial and Office Realtors.

Finance & Capital Markets

Owner of New Jersey, Virginia warehouse portfolio secures $11.3 million loan

HFF has arranged $11.3 million in financing for the owner of a three-building warehouse portfolio in New Jersey and northern Virginia, the brokerage firm said Thursday.

Industrial

NAI Mertz inks 135,000 sq. ft. warehouse lease in Moorestown

A newly renovated warehouse building in Moorestown has landed a 135,000-square-foot tenant, under a long-term lease arranged by brokers with NAI Mertz.

Industrial

Sudler razing Piscataway office building, set to build new industrial space

After tearing down a large, aging office building to make way for two new distribution centers in Cranbury, the Sudler Cos. is looking to replicate that formula elsewhere in its portfolio.

Murphy announces pick to lead EDA

Gov. Phil Murphy has named a former banker and current public official in Connecticut as the next CEO of the powerful New Jersey Economic Development Authority.

Finance & Capital Markets

Cross River hires veteran banker to grow CRE lending division

A veteran loan officer has joined Cross River, a Fort Lee-based bank with a growing multifamily and commercial real estate division.

Industrial

Distributor inks two leases in Hillside, BRC says

An industrial user has leased a combined 43,500 square feet at two buildings in Hillside, under a set of transactions announced this week by Bussel Realty Corp.