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.

Event Coverage
ULI honors standout projects, CRE leaders at annual awards dinner (SLIDESHOW)

Eight projects and two key figures in New Jersey commercial real estate were among the honorees at an annual awards dinner hosted by the Urban Land Institute’s Northern New Jersey chapter, which drew a crowd of development executives and professionals.

Government & Public Policy
EDA approves 10-year, $30 million incentive for flatbread maker to expand in Paterson

State officials have offered nearly $30 million in tax credits over 10 years to encourage a maker of Mediterranean flatbreads and other foods to expand its footprint in Paterson.

Industrial
Logistics firm leases 58,000 sq. ft. in Saddle Brook

A logistics firm has expanded into nearly 60,000 square feet of industrial space in Saddle Brook, according to brokers with Team Resources Inc.

Industrial
Avison Young brokers Secaucus warehouse lease for well-known dance company

A renowned modern dance company has leased more than 17,500 square feet at a Secaucus warehouse, where it will use the space to store and build its performance sets.

Government & Public Policy
Population, policy shifts in focus at NAIOP developers’ panel

The role of demographics and government were in focus recently as NAIOP New Jersey hosted its annual CEO Perspective event. Joined by a crowd of professionals and developers, four executives highlighted key trends and policies that are shaping New Jersey’s real estate sector, while raising questions about what could impact the industry in the near term.

Industrial
Colliers: Demand outstripping supply as N.J. industrial sector continues torrid pace

Industrial leasing in northern and central New Jersey took a slight step back in the third quarter, but only because demand continues to outpace the amount of big-box space available in the market.

Industrial
Totowa flex complex trades for $65.5 million, C&W says

Mack-Cali Realty Corp. has sold a 13-building flex and industrial park in Totowa, in a $65.5 million deal brokered by Cushman & Wakefield.

Professional Services
Remediation, consulting business continues to evolve for Parsippany firm

With a history of guiding companies and site owners through government-mandated cleanups, EWMA has moved to expand its role in transactional real estate and adaptive reuse projects, all while seeking to add service lines that allow for longer-term relationships with its clients. In the process, the Parsippany-based firm has completed both an external rebranding in the marketplace and an internal plan to add new layers of expertise and build its talent pipeline for the future.

Industrial
New 54,000 sq. ft. warehouse under construction in Kenilworth

A developer has started construction on a 54,000-square-foot industrial building in Kenilworth, with plans to deliver the project by early next year.

Industrial
Construction begins at 2.2 million sq. ft. industrial development in Piscataway

Rockefeller Group has broken ground on a 2.2 million-square-foot logistics campus in Piscataway, in what it says is one of the state’s largest remaining sites for industrial development.