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
Oils, fragrance supplier debuts solar array at Carteret HQ

A global distributor of essential oils and aromatic chemicals has unveiled a new 200,000-square-foot solar array at its headquarters facility in Carteret, the firm announced recently.

Finance & Capital Markets
HFF: Clifton industrial project refis for $23.35 million

HFF has arranged a $23.35 million refinancing for the developers that recently repositioned a 204,000-square-foot industrial building in Clifton, the firm announced this week.

Industrial
Colliers: Mount Laurel warehouse sells for $5.65 million

A South Jersey real estate firm has sold a 106,000-square-foot industrial building in Mount Laurel for $5.65 million, according to brokers with Colliers International Group.

Industrial
Bussel brokers $850,000 sale of Middlesex industrial property

The owner of a transportation company has paid $850,000 for a 14,000-square-foot industrial building in Middlesex County, according to a broker with Bussel Realty Corp.

Industrial
NAI Hanson: Logistics firm expands into Meadowlands industrial building

A national transportation and logistics firm has leased nearly half of a 53,000-square-foot industrial building in the Meadowlands, according to brokers with NAI James E. Hanson.

Industrial
Industrial strength: Prices are soaring as investors jockey for warehouse, logistics space in New Jersey

Warehouse and distribution space in New Jersey has become a prized asset class among institutions and other major investors, leading to increased competition, surging prices and more creativity by those looking to add industrial to their portfolio.

Industrial
Record rent growth continues in N.J. industrial market

By many accounts, rent growth in New Jersey’s industrial sector continues to be unprecedented. Research from multiple real estate service firms shows that average rental rates across the market hit several milestones this summer.

Finance & Capital Markets
Pricing power: A look at recent investment sales in New Jersey’s industrial market

Industrial space has become a favored asset class among institutional investors in New Jersey, even if high-profile opportunities are few and far between. Here is a sampling of industrial deals from the past 12 months that show just how fierce the competition has become.

Industrial
New lease structures, longer terms take hold in N.J. industrial market

Among the many changes that have come to New Jersey’s industrial market — especially those that have rallied investors — Rob Kossar points to the differences in how leases are structured.

Industrial
Saddleback inks 14,000 sq. ft. industrial lease in Rockaway

A beauty products company has leased nearly 14,000 square feet at a Rockaway industrial building, according to property owner Saddleback Real Estate Developers.