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.

Editor’s Note
Editor’s note: After a busy year, a look at what’s to come

Ask anybody in the real estate business and they’ll most likely agree: Being busy is a good thing. We couldn’t agree more as a publication that covers this industry and thrives on all of the deal making, construction activity and other bits of news that help us bring you a monthly magazine and a daily newsletter. The market has been so busy that I’m not quite sure where the time has gone, yet here we are as we prepare to close out the first year of Real Estate NJ.

Events
CREW NJ inducts new president, board of directors (SLIDESHOW)

A new slate of leaders have taken the reins at Commercial Real Estate Women of New Jersey, the state’s top association for connecting and advancing professional women across the industry.

Industrial
New Jersey port district poised for continued dominance, Transwestern says

Two decades’ worth of infrastructure upgrades are paying dividends for New Jersey’s booming port region, supporting a surge in cargo volume that is poised to sustain the growth in the state’s industrial market.

Industrial
After blockbuster industrial sale, Bridge details what comes next in N.J.

After the sale of more than 3 million square feet of industrial space in New Jersey — part of a three-state, $700 million deal announced earlier this fall — Bridge Development Partners is well on its way toward refilling its pipeline in the Garden State. Jeff Milanaik, regional partner for Bridge, said the firm is under contract for a series of sites in northern and central New Jersey that could pave the way for another 6 million square feet of development activity.

Industrial
Dermody inks 401,000 sq. ft. lease with logistics firm in Gloucester County

A logistics firm is set to occupy 401,000 square feet at a sprawling industrial park in Logan Township, under a recent lease with developer Dermody Properties.

Industrial
CBRE marketing 50,000-square-foot industrial complex in Kenilworth

Brokers with CBRE are seeking a buyer for a three-building, 50,000-square-foot industrial complex in Kenilworth, touting its proximity to Port Newark-Elizabeth and a lack of comparable properties in the immediate area.

Industrial
EDA awards $38 million to help linen business expand in Irvington, Trenton

An industrial linen business is poised to double its footprint in Irvington and upgrade its space in Trenton, following the approval of nearly $38 million in state tax credits over 10 years.

Government & Public Policy
Box manufacturer proposes 500,000 sq. ft. plant in Florence

The state has approved $13.6 million in tax credits to encourage a cardboard packaging manufacturer to build a 500,000-square-foot facility in Burlington County.

Government & Public Policy
Furniture remanufacturer, tech firm offered incentives to move to Camden

Three businesses could be moving to Camden next year in connection with more than $10 million in tax credits approved Tuesday by the state Economic Development Authority.

Industrial
Relocation service firm acquires Irvington warehouse, NAI Hanson says

A commercial moving service is relocating from Staten Island after acquiring a 20,100-square-foot industrial building in Irvington, a broker with NAI James E. Hanson said Tuesday.