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
Devli Group acquires Warren flex complex from Hampshire

A real estate investor and developer has acquired a nearly 122,000-square-foot complex in Warren, where it has the potential to build an additional 46,000 square feet.

Professional Services
BRC adds two sales associates for industrial brokerage

Bussel Realty Corp. has bolstered its brokerage team with two new hires, the industrial real estate services firm said Tuesday.

Industrial
Stro Cos. touts leases at Meadowlands industrial building

Two new leases and two renewals have fueled more than 26,500 square feet of activity at a Meadowlands flex industrial building, executives with The Stro Cos. announced recently.

Industrial
NAI Hanson: Clothing distributor leases 14,300 sq. ft. in Hackensack

A clothing distributor is relocating to a Hackensack industrial building, where it will occupy more than 14,000 square feet with the potential for expansion.

Industrial
Woodmont sells 104,000 sq. ft. Meadowlands warehouse

The industrial arm of Woodmont Properties has sold a 104,000-square-foot warehouse in Moonachie, whose new owner is now planning a major renovation at the building.

Residential & Mixed Use
Denholtz, a leader in value-add commercial projects, also returning to residential

Now in its 65th year in business, Denholtz Associates has continued its longtime focus on value-add office and industrial projects. But it’s also marking a return to its roots, with a pipeline that includes new residential construction for the first time in decades.

Professional Services
New sales associate joins NAI Hanson

NAI James E. Hanson has expanded its brokerage team in Parsippany with the hiring of a new sales associate.

Editor’s Note
Editor’s note: After a busy year, a look at what’s to come

Ask anybody in the real estate business and they’ll most likely agree: Being busy is a good thing. We couldn’t agree more as a publication that covers this industry and thrives on all of the deal making, construction activity and other bits of news that help us bring you a monthly magazine and a daily newsletter. The market has been so busy that I’m not quite sure where the time has gone, yet here we are as we prepare to close out the first year of Real Estate NJ.

Events
CREW NJ inducts new president, board of directors (SLIDESHOW)

A new slate of leaders have taken the reins at Commercial Real Estate Women of New Jersey, the state’s top association for connecting and advancing professional women across the industry.

Industrial
New Jersey port district poised for continued dominance, Transwestern says

Two decades’ worth of infrastructure upgrades are paying dividends for New Jersey’s booming port region, supporting a surge in cargo volume that is poised to sustain the growth in the state’s industrial market.