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
Procida touts $69 million construction loan in Jersey City among 2017 highlights

A developer has repaid a nearly $70 million construction loan for a Jersey City condominium project, in one of several year-end highlights touted by Procida Funding.

Industrial
Nursery furniture maker leases 32,000 sq. ft. in Edison

A business that makes furnishings for nurseries has leased 32,000 square feet at an Edison industrial building, brokerage firm Sheldon Gross Realty said Monday.

Industrial
Blau & Berg: N.Y.-based food wholesaler leasing 7,300 sq. ft. in Essex County

A growing food products wholesaler is relocating to more than 7,000 square feet in Essex County, under a recent industrial lease announced Monday by The Blau & Berg Co.

Industrial
New 725,000 sq. ft. facility will serve as distribution, customer service hub for Best Buy

A new Best Buy distribution center is slated to open in Piscataway by this year’s holiday shopping season, under a 725,000-square-foot lease touted Friday by Rockefeller Group.

Professional Services
Commercial lending veteran joins NAI DiLeo-Bram

NAI DiLeo-Bram & Co. has tapped a longtime banking executive to serve as its new director of capital markets, the real estate services firm said.

Professional Services
NAI Mertz grows brokerage teams in South Jersey, Bucks County

Real estate services firm NAI Mertz has added three new employees to start the year, including a sales associate at its headquarters office in Mount Laurel.

Office
Advance earns prestigious designation for CRE management

A global trade association has recognized Advance Realty with an accreditation tied to high standards of property management, placing it in the company of fewer than 550 firms worldwide.

Roundtable
What is an emerging design or engineering trend that developers should consider in 2018?

What is an emerging design or engineering trend that developers should consider in 2018? We assembled a panel of industry experts to tackle our recent roundtable question.

Industrial
Ridgefield OKs plans for 254,000 sq. ft. industrial building

Local officials have approved plans to develop an industrial building at the site of a former chemical factory in Ridgefield, paving the way for a would-be buyer to tap into the booming warehouse and distribution market near the New Jersey Turnpike.

Industrial
Greek Development names new president for development, construction

An executive at Greek Development has been promoted to president of development and construction, the East Brunswick-based industrial builder said this week.