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
NAI Hanson: Toy maker expands, leases 27,000 sq. ft. in E. Rutherford

A maker of plush toys has leased 26,900 square feet of industrial space just west of MetLife Stadium in East Rutherford, in a deal arranged by brokers with by NAI James E. Hanson.

Industrial
BRC brokers 10,500 sq. ft. industrial lease in Rahway

An industrial tenant is relocating within Union County in order to accommodate its e-commerce business, following a 10,500-square-foot lease brokered by Bussel Realty Corp.

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IN THE MOMENT: IOREBA’S Fall Kick-Off Event

The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area recently hosted its Fall Kick-Off event, drawing more than 60 members and guests for a boat cruise through the New York harbor.

Industrial
Camber, Advance acquire 529,000 sq. ft. complex off Route 46 for $53 million

A joint venture has acquired a four-building, 529,110-square-foot industrial and office complex in Morris County, with plans to reposition the campus to tap into the continued demand for warehouse and distribution space.

Industrial
Denholtz inks 14,000 sq. ft. lease for inflatable play center

A new children’s play center is set to open in Piscataway after its operator signed a 13,085-square-foot lease with Denholtz Associates, the commercial real estate firm said.

Industrial
Prologis, Allied Beverage detail plans for 540,000 sq. ft. distribution center in Elizabeth

Prologis is set to build a new 540,000-square-foot distribution center in Elizabeth as part of a recently signed lease with a major wine and spirits distributor based in the state.

Industrial
Saddleback inks 31,000 sq. ft. lease in Parsippany

Saddleback Real Estate Developers has leased more than 30,000 square feet in Parsippany to a bearing products distributor, the investment and management firm said this week.

Industrial
NAI Hanson: Large-format printer inks 10,700 sq. ft. lease in South Hackensack

A firm that prints vehicle wraps and other large-format graphics has leased nearly 11,000 square feet of industrial space in South Hackensack, according to brokers with NAI James E. Hanson.

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IN THE MOMENT: NAIOP New Jersey’s President’s Awards and Hall of Fame Dinner (SLIDESHOW)

NAIOP’s New Jersey chapter recently hosted a crowd of more than 300 real estate executives and professionals for the association’s annual President’s Awards and Hall of Fame Dinner.

Industrial
New LG distribution center shows growing strength of Exit 8 industrial market

A developer has opened the doors to a new 410,300-square-foot industrial building in East Windsor that will serve as a distribution center and warehouse for LG Electronics USA.