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 goes to Brooklyn for latest industrial deal

Bridge Development Partners’ highly successful team in New Jersey is heading to Brooklyn, as part of a joint venture that is buying a site with plans to build more than 1.5 million square feet of new industrial space.

Health Care & Education
Tech firm takes 50,000 sq. ft. at Whippany manufacturing site, Avison Young says

A technology firm serving the life sciences sector has leased 50,000 square feet at a pharmaceutical packaging facility in Morris County, brokers with Avison Young said.

Government & Public Policy
NAIOP announces new membership, events director in New Jersey

NAIOP New Jersey has hired a new director of membership and special events.

Industrial
CBRE: New Jersey logistics space ranks nationally, globally in top-tier rent growth

Owners of high-end industrial space are riding a wave of rent growth — nationally and globally — and landlords in New Jersey are among the biggest winners. That’s according to new research from CBRE, which found that rents for top-tier space in the Garden State grew 9.5 percent, to $8.26 per square foot, in the year ending March 31. That year-over-year growth ranked third among U.S. submarkets, behind only Oakland and Seattle, and seventh worldwide.

Finance & Capital Markets
HFF brokers $9.1 million loan for Swedesboro industrial owner

A warehouse owner in Gloucester County has secured $9.1 million in financing for an expansion of its holdings in the area, brokerage firm HFF announced.

Industrial
CBRE: Logistics firm inks 110,000 sq. ft. lease in Kearny

A global logistics provider has leased more than 110,000 square feet at a Kearny industrial building, brokers with CBRE announced Wednesday.

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.