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.

Finance & Capital Markets
HFF brokers $28.5 million refinance for I-80 industrial complex

The owner of a three-building, 443,030-square-foot warehouse complex in Mount Olive has refinanced the property for $28.5 million, brokers with HFF said Thursday.

Industrial
Duke fills last vacancy in New Jersey with Perth Amboy industrial lease

Duke Realty Corp. has leased 220,200 square feet in Perth Amboy to a furniture delivery and fulfillment service, bringing its recently acquired New Jersey portfolio to full occupancy.

Industrial
Denholtz: Clark commercial complex fully leased after latest deal

Denholtz Associates has inked a 10,050-square-foot lease at a commercial complex in Clark, bringing the 283,000-square-foot campus to full occupancy.

Professional Services
CBRE’s Hipschman takes on expanded role in Northeast industrial

CBRE has announced an expanded role for its market leader in New Jersey, in an effort to expand the firm’s focus in the region’s industrial and logistics sector.

Office
Higher and better: Developers making strides in repurposing New Jersey’s vacant, outdated office buildings

Slowly but surely, developers have begun to chip away at one of New Jersey’s most chronic issues when it comes to commercial real estate — the abundance of obsolete, aging office buildings that are no longer considered usable by modern standards.

Industrial
I.CON panel: Same-day delivery pushing tenants beyond North Jersey, into NYC boroughs

Retailers and other industrial tenants have long counted on northern New Jersey as a hub for distribution into New York City, but the need for same-day and even two-hour delivery has pushed developers to make big bets in the outer boroughs.

Industrial
I.CON wrap-up: Opportunity remains for industrial in New Jersey, nationally

As New Jersey has shown, the industrial sector has become the new darling of commercial real estate in recent years. That was all too clear from the sold-out crowd of more than 850 development executives and other key players who descended on this year’s I.CON event in Jersey City.

Office
Vision Real Estate, PCCP detail acquisition of J&J site in Morris County

A joint venture has closed on its purchase of a former Johnson & Johnson campus in Morris Plains, where it’s planning a redevelopment anchored by an existing Class A office building.

Industrial
Atlantic touts 278,000 sq. ft. industrial lease with Adler, 3PL user

A third-party logistics firm has moved into a newly built warehouse in Piscataway, following a nearly 280,000-square-foot lease arranged by Atlantic Real Estate Services.

Professional Services
Veteran NAI Hanson broker promoted to VP

NAI James E. Hanson has promoted one of its longtime industrial brokers.