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
CMC: South Plainfield warehouse owner refis for $5 million

Commercial Mortgage Capital has arranged a $5 million loan for the owner of a 158,000-square-foot warehouse in Middlesex County, the firm announced recently.

Industrial
Industrial buyer plans upgrades at three South Jersey buildings

Investors have paid $8.5 million to acquire a three-building, 193,000-square-foot warehouse portfolio in the sprawling Pureland complex in Gloucester County.

Industrial
Wilcox touts $9.85 million refinance for Wall flex buildings

The owner of three flex buildings in Monmouth County has refinanced for nearly $10 million, in a transaction arranged by G.S. Wilcox & Co.

Industrial
Multitenant industrial complex sells in Springfield

Investors have acquired a multitenant, 207,000-square-foot industrial property in Springfield, brokers with Lee & Associates announced Friday.

Events
Student housing, Holtec projects among honorees at USGBC awards gala

The U.S. Green Building Council New Jersey chapter will celebrate six real estate and infrastructure projects at its upcoming awards gala, including a student housing development at Princeton University and a transformative manufacturing campus in Camden.

Industrial
Tulfra inks $5 million sale of Totowa industrial condo

Tulfra Real Estate has sold a 27,000-square-foot industrial condominium in Totowa for $5 million, the latest transaction at a redeveloped office and industrial park.

Industrial
Marcus & Millichap bolsters N.J. industrial practice with newest hire

A well-known broker has joined Marcus & Millichap in New Jersey, with the goal of building a team and expanding its presence in the region’s booming industrial sector.

Industrial
Colliers brokers three industrial sales in Pennsauken

Three industrial buildings in Pennsauken have changed hands for a combined $7.7 million, according to Colliers International brokers who completed the deals.

Industrial
BRC adds two vice presidents to brokerage team

Bussel Realty Corp. has expanded its team with the addition of two vice presidents.

Professional Services
Avison Young announces new service program to mark five years in tristate

Avison Young is marking the fifth anniversary of its operations in the region by launching a new charitable initiative. Known as the Avison Young Five for Five program, the initiative calls for each employee in the tristate area to dedicate five hours of volunteer community service to charitable organizations over a five-month period.