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
TIAA sells 617,000-square-foot Amazon distribution center for $147 million

An institutional investor has paid more than $147 million to acquire a 617,000-square-foot Amazon fulfillment center in Teterboro.

Finance & Capital Markets
HFF brokers another loan for South Jersey warehouse investor

HFF has arranged new financing for an investor’s purchase of a 112,000-square-foot industrial building in Mount Laurel.

Roundtable
What infrastructure improvements does New Jersey need to support development for the next 20 years?

What infrastructure improvements does New Jersey need to support development for the next 20 years? We assembled a panel of industry experts to tackle this month’s question.

Professional Services
Mertz broker promoted to senior VP

NAI Mertz has promoted one of its longtime industrial brokers to senior vice president, the Mount Laurel-based real estate services firm announced.

Industrial
Calif. logistics firm buys Hunterdon warehouse, C&W says

A logistics company from Southern California is expanding into New Jersey with its purchase of a 30,000-square-foot warehouse in Hunterdon County.

Industrial
Sudler inks two big-box industrial deals at former office site in Cranbury

The Sudler Cos. is hailing the success of a high-profile redevelopment project in Cranbury, where it has leased two new industrial buildings totaling 758,000 square feet at the former site of a large office complex.

Industrial
Edison warehouse draws 57,000 sq. ft. freezer lease, CBRE says

A frozen foods company has joined the roster at an Edison industrial building after signing a lease for nearly 57,000 square feet, brokers with CBRE announced Thursday.

Industrial
C&W inks full-building, direct deal with former subtenant in Somerset

A subtenant at a Franklin warehouse has transitioned into a direct lease while expanding at the property by 46,000 square feet, brokers with Cushman & Wakefield said Thursday.

Government & Public Policy
Incentive program enters final year, drawing concern from CRE sector

With the Grow New Jersey program set to expire in less than a year, the prospect of losing the incentive is already weighing heavily on the state’s commercial real estate market.

Industrial
Industrial complex changes hands in Kearny, Blau & Berg says

An investor has acquired a 100,400-square-foot industrial complex in Kearny, in a transaction arranged by brokers with The Blau & Berg Co.