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.

Personalities
Q&A: Biggins discusses the success of incentives — and their role going forward

Jay Biggins, the executive managing director of Biggins Lacy Shapiro & Co., is a longtime expert in the field of incentives and has seen the evolution of the New Jersey’s programs firsthand.

Government & Public Policy
Policy priorities: NAIOP New Jersey

Real Estate NJ set out to identify the biggest public policy issues for commercial real estate, as New Jersey begins a new legislative session and a new administration under Gov. Phil Murphy. Here are the issues identified by Michael McGuinness, CEO of NAIOP New Jersey.

Industrial
Developer returns to Elizabeth, with a focus on the booming port region

Elberon Development Group has bolstered its portfolio in one of the state’s strongest industrial submarkets, while moving its headquarters back to where the company began a century ago.

Industrial
CBRE touts 90,000 sq. ft. development opportunity in Lyndhurst

Brokers with CBRE are marketing a parcel in the heart of the Meadowlands, touting it as a prime location for a regional hub, headquarters or last-mile delivery center.

Industrial
Stro inks 11,600 sq. ft. lease in Woodbridge with Brooklyn-based firm

The Stro Cos. has leased 11,600 square feet in Woodbridge to a Brooklyn-based firm that was seeking warehouse space for two of its business lines, the landlord said Tuesday.

Finance & Capital Markets
Procida touts $69 million construction loan in Jersey City among 2017 highlights

A developer has repaid a nearly $70 million construction loan for a Jersey City condominium project, in one of several year-end highlights touted by Procida Funding.

Industrial
Nursery furniture maker leases 32,000 sq. ft. in Edison

A business that makes furnishings for nurseries has leased 32,000 square feet at an Edison industrial building, brokerage firm Sheldon Gross Realty said Monday.

Industrial
Blau & Berg: N.Y.-based food wholesaler leasing 7,300 sq. ft. in Essex County

A growing food products wholesaler is relocating to more than 7,000 square feet in Essex County, under a recent industrial lease announced Monday by The Blau & Berg Co.

Industrial
New 725,000 sq. ft. facility will serve as distribution, customer service hub for Best Buy

A new Best Buy distribution center is slated to open in Piscataway by this year’s holiday shopping season, under a 725,000-square-foot lease touted Friday by Rockefeller Group.

Professional Services
Commercial lending veteran joins NAI DiLeo-Bram

NAI DiLeo-Bram & Co. has tapped a longtime banking executive to serve as its new director of capital markets, the real estate services firm said.