by Joshua Burd | Feb 9, 2022
ReadySpaces’ new 164,500-square-foot location in Saddle Brook will offer storage and industrial workspaces for small businesses ranging from 250 to 5,000 square feet. — Courtesy: ReadySpaces (Editor’s note: This story was updated Tuesday, Feb. 15, with...
by Joshua Burd | Feb 9, 2022
By Joshua Burd The owner of a multistate, 6.8 million-square-foot industrial portfolio that includes a nearly 143,000-square-foot warehouse in Morris County has refinanced for $525 million. The borrower, SomeraRoad, secured the loan through Bank of Montreal as part of...
by Joshua Burd | Feb 9, 2022
59-71 Oak St. in Hackensack — Courtesy: NAI James E. Hanson By Joshua Burd Brokers with NAI James E. Hanson have announced the sale of a fully leased, 28,000-square-foot industrial building in Hackensack. The buyer, Oak Street Realty LLC, paid an undisclosed sum for...
by Joshua Burd | Feb 9, 2022
22 Abeel Road in Monroe — Courtesy: NAI Fennelly By Joshua Burd A manufacturer has sold a nearly 28,000-square-foot light industrial building in Monroe Township for $3.8 million, under a deal arranged by NAI Fennelly. According to the brokerage team, the two-story...
by Joshua Burd | Feb 8, 2022
111-135 Thomas McGovern Drive in Jersey City — Courtesy: JLL By Joshua Burd An investment group has purchased a nearly 66,000-square-foot warehouse in Jersey City with the help of a $10.25 million acquisition loan, JLL’s New Jersey capital markets team announced....
by Joshua Burd | Feb 7, 2022
By Joshua Burd Newly built speculative industrial space in northern New Jersey is leasing in less than two months on average, in the latest sign of the market’s ongoing supply and demand imbalance. That’s according to a new report by Newmark, which surveyed 23 major...
