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.

People
Contractor, developer names new senior project manager

Donnelly Construction has promoted a longtime employee to senior project manager, the Wayne-based general contractor and developer announced Friday.

Finance & Capital Markets
Building on their brands: Touhey has helped drive Investors’ growth in central, southern N.J.

Investors Bank’s expansion into central and southern New Jersey and neighboring states has been key to its growth during that time, with Tim Touhey’s team having originated more than $3.4 billion in loans.

Industrial
Upgrades coming to Somerset flex park after $9.2 million refi

Denholtz Associates has secured a $9.2 million loan to refinance and upgrade an 11-building, 264,000-square-foot flex industrial portfolio in Somerset County, the firm said Thursday.

Office
Kearny Point welcomes U.S. headquarters for amplifier company

An Italy-based maker of amplifiers has opened its U.S. headquarters at Kearny Point, the 130-acre complex that is being redeveloped as a mixed-use business and technology campus.

Professional Services
Voorhees site eyed for redevelopment, Vantage RES says

An area real estate firm has acquired a property along one of Voorhees’ main business corridors, with plans to demolish an existing building to make way for new development.

Industrial
Fully leased, 224,000 sq. ft. warehouse is CenterPoint’s latest N.J. purchase

CenterPoint Properties has expanded its New Jersey holdings with the addition of a 224,000-square-foot industrial building in South Brunswick, executives said Tuesday.

Industrial
Edison developer inks 80,000 sq. ft. lease with logistics firm

A logistics firm has leased more than 80,000 square feet at a newly built warehouse in Edison, developer Wick Cos. LLC announced Tuesday.

Industrial
NAI Hanson: Meadowlands primed for continued rent growth, demand

Rent growth and falling vacancy show no signs of slowing down for Meadowlands industrial space, thanks in large part to the continued flight of tenants from New York City.

Industrial
Amazon, retailers fuel Q4 industrial gains in N.J.

Retailers accounted for more than a third of all industrial gains in northern and central New Jersey at the end of 2017, according to JLL, fueling what amounted to the second-highest net absorption total of any year since the recession ended.

Industrial
Heller touts 4 million sq. ft. in 2017 activity

A distributor of industrial products has leased 90,000 square feet in Edison, in one of nearly three dozen transactions that helped Heller Industrial Parks maintain full occupancy in 2017.