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
CBRE marketing 50,000-square-foot industrial complex in Kenilworth

Brokers with CBRE are seeking a buyer for a three-building, 50,000-square-foot industrial complex in Kenilworth, touting its proximity to Port Newark-Elizabeth and a lack of comparable properties in the immediate area.

Industrial
EDA awards $38 million to help linen business expand in Irvington, Trenton

An industrial linen business is poised to double its footprint in Irvington and upgrade its space in Trenton, following the approval of nearly $38 million in state tax credits over 10 years.

Government & Public Policy
Box manufacturer proposes 500,000 sq. ft. plant in Florence

The state has approved $13.6 million in tax credits to encourage a cardboard packaging manufacturer to build a 500,000-square-foot facility in Burlington County.

Government & Public Policy
Furniture remanufacturer, tech firm offered incentives to move to Camden

Three businesses could be moving to Camden next year in connection with more than $10 million in tax credits approved Tuesday by the state Economic Development Authority.

Industrial
Relocation service firm acquires Irvington warehouse, NAI Hanson says

A commercial moving service is relocating from Staten Island after acquiring a 20,100-square-foot industrial building in Irvington, a broker with NAI James E. Hanson said Tuesday.

Government & Public Policy
Developers: State, federal reforms bring uncertainty for CRE industry in 2018

For all of the looming questions about federal tax reform, the state’s commercial real estate sector is also facing uncertainty about the impact of a new governor and Legislature.

Industrial
Parts distributor takes 3,100 sq. ft. in Bergenfield, NAI Hanson says

An automotive and truck parts distributor will join the tenant roster at a Bergenfield commercial building, following a 3,100-square-foot lease arranged by NAI James E. Hanson.

Trend Watch
Trend Watch Dec. 11: Strong pre-leasing drives construction across the industrial sector

Pre-leasing rates of 89.3 percent on 2017 deliveries prompt developers to put shovels in the ground at record levels. 2 million square feet forecast for delivery in 2018 surpasses anything seen this cycle.

Professional Services
A new way to invest: NAI DiLeo-Bram launches online equity raising platform

NAI DiLeo-Bram & Co. has unveiled a new online equity raising platform, seeking to tap into the future of private real estate investing and expand the pool of would-be investors.

Industrial
Avison Young touts sale of 46,000 sq. ft. Bridgewater industrial building

The new owner of a Bridgewater industrial building plans to convert the property to an indoor athletic training center, following a sale arranged by brokers with Avison Young.