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
Saddleback inks 20,000 sq. ft. lease in Fairfield

A distribution firm has leased 19,650 square feet at a Fairfield industrial building, landlord Saddleback Real Estate Developers announced recently.

Industrial
New 315,000 sq. ft. warehouse coming to Old Bridge

A houseware wholesaler is set to own and occupy a newly built, 315,000-square-foot industrial building in Old Bridge, following a deal arranged by Corporate America Realty & Advisors.

Industrial
Land prices surging in N.J. industrial market, CBRE says

Large industrial sites in northern New Jersey now cost an average of nearly $1.8 million per acre, CBRE found, as surging demand and the scarcity of land continue to drive up pricing.

Industrial
Devli Group acquires Warren flex complex from Hampshire

A real estate investor and developer has acquired a nearly 122,000-square-foot complex in Warren, where it has the potential to build an additional 46,000 square feet.

Professional Services
BRC adds two sales associates for industrial brokerage

Bussel Realty Corp. has bolstered its brokerage team with two new hires, the industrial real estate services firm said Tuesday.

Industrial
Stro Cos. touts leases at Meadowlands industrial building

Two new leases and two renewals have fueled more than 26,500 square feet of activity at a Meadowlands flex industrial building, executives with The Stro Cos. announced recently.

Industrial
NAI Hanson: Clothing distributor leases 14,300 sq. ft. in Hackensack

A clothing distributor is relocating to a Hackensack industrial building, where it will occupy more than 14,000 square feet with the potential for expansion.

Industrial
Woodmont sells 104,000 sq. ft. Meadowlands warehouse

The industrial arm of Woodmont Properties has sold a 104,000-square-foot warehouse in Moonachie, whose new owner is now planning a major renovation at the building.

Residential & Mixed Use
Denholtz, a leader in value-add commercial projects, also returning to residential

Now in its 65th year in business, Denholtz Associates has continued its longtime focus on value-add office and industrial projects. But it’s also marking a return to its roots, with a pipeline that includes new residential construction for the first time in decades.

Professional Services
New sales associate joins NAI Hanson

NAI James E. Hanson has expanded its brokerage team in Parsippany with the hiring of a new sales associate.