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
New Jersey industrial sales top $900 million in Q3, NAI Hanson says

Investors have stayed bullish on New Jersey’s industrial market, driving more than $900 million in sales volume during the third quarter for warehouse and logistics space in the region.

Industrial
C&W adds 2.2 million sq. ft. to New Jersey asset management portfolio

Cushman & Wakefield has added more than 2.2 million square feet to its New Jersey property management assignments, thanks to continued demand from both industrial tenants and investors.

Finance & Capital Markets
Avison Young touts lease-up, $21 million refinance at upgraded flex building

The owners of a 114,200-square-foot flex industrial building in Bergen County have leased up the property and refinanced for $21.1 million, following a series of transactions arranged by Avison Young.

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.