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.

Government & Public Policy
State honors three projects with housing, economic development awards

The state has doled out its annual Governor’s Excellence in Housing and Economic Development Awards, recognizing three well-known projects in northern and central New Jersey.

Finance & Capital Markets
Lenders close $12.5 million loan for 107-year-old ‘Art Factory’ in Paterson

The owner of a historic factory complex in Paterson that is home to artists, filmmakers and other creative users is getting a $12.5 million infusion for the property, under a loan closed by Silver Arch Capital Partners and Procida Funding & Advisors LLC.

Industrial
Rockefeller taps former Prologis exec to lead New Jersey, Pennsylvania offices

Rockefeller Group has named a new leader of its development team in New Jersey and Pennsylvania, tapping a former Prologis market officer to fill the role.

Finance & Capital Markets
HFF brokers $15.65 million construction loan for Hillside self-storage project

The developer of a 1,203-unit self-storage facility has secured $15.65 million in financing, following a transaction arranged by brokers with HFF.

Industrial
Logistics firm takes 526,000 sq. ft. in South Brunswick, Lee & Associates says

A multinational logistics firm has leased more than 500,000 square feet at a Prologis-owned building in South Brunswick, in a newly announced transaction by Lee & Associates.

Industrial
HFF: Newark industrial parcel sells for $8.2 million

A developer has paid more than $8 million for a 4.5-acre parcel near Newark Liberty International Airport, where it now plans to build an 80,000-square-foot industrial building.

Industrial
Bridge, local officials hail start of 4 million sq. ft. industrial park in Warren County

Bridge Development Partners has broken ground on its largest project in New Jersey to date — a 4 million-square-foot logistics park spanning Phillipsburg and Lopatcong along Route 22.

Industrial
JLL: Bordentown business park, development site fetch $19 million

An investment group has sold a two-building office and warehouse complex in Bordentown, in a $19 million sale arranged by JLL.

Industrial
Bergenfield warehouse draws 100,000 sq. ft. in renewals

Two tenants have combined to lease more than 100,000 square feet at a Bergenfield industrial building, in a set of renewals announced recently by Team Resources Inc.

Industrial
NAI Hanson: Distributor set to move after acquiring 32,000 sq. ft. Fair Lawn warehouse

A distributor of baseball caps is moving within Bergen County to a newly acquired industrial building in Fair Lawn, following a deal arranged by NAI James E. Hanson.